Orca Wealth Management LLC Invests $1.68 Million in Honeywell International Inc. (NASDAQ:HON)

Orca Wealth Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,432 shares of the conglomerate’s stock, valued at approximately $1,679,000. Honeywell International comprises about 1.5% of Orca Wealth Management LLC’s holdings, making the stock its 22nd largest position.

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

Wall Street Analyst Weigh In

HON has been the topic of several research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Citigroup dropped their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Down 2.2 %

Shares of HON stock opened at $220.70 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of $143.51 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The business’s fifty day moving average is $226.32 and its 200-day moving average is $214.94. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International 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.