Portfolio Design Labs LLC Buys 6,196 Shares of Honeywell International Inc. (NASDAQ:HON)

Portfolio Design Labs LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 52.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,083 shares of the conglomerate’s stock after acquiring an additional 6,196 shares during the period. Honeywell International comprises 0.8% of Portfolio Design Labs LLC’s investment portfolio, making the stock its 28th biggest position. Portfolio Design Labs LLC’s holdings in Honeywell International were worth $4,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $30,000. Financial Avengers Inc. grew its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HON shares. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.8 %

Shares of NASDAQ:HON opened at $206.94 on Wednesday. The firm has a fifty day moving average price of $224.09 and a two-hundred day moving average price of $215.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The company has a market cap of $134.56 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.