Shepherd Financial Partners LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Shepherd Financial Partners LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,919 shares of the conglomerate’s stock after buying an additional 91 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Honeywell International were worth $4,048,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HON. Golden State Wealth Management LLC bought a new position in shares of Honeywell International during the fourth quarter valued at $173,000. Live Oak Private Wealth LLC grew its position in Honeywell International by 7.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 1,341 shares of the conglomerate’s stock valued at $303,000 after purchasing an additional 93 shares during the last quarter. Prairie Wealth Advisors Inc. increased its stake in Honeywell International by 5.3% during the 4th quarter. Prairie Wealth Advisors Inc. now owns 3,405 shares of the conglomerate’s stock valued at $769,000 after purchasing an additional 170 shares in the last quarter. Fairvoy Private Wealth LLC bought a new position in shares of Honeywell International in the fourth quarter worth approximately $262,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $87,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Finally, Barclays raised their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $205.52 on Friday. 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’s fifty day moving average is $225.07 and its 200 day moving average is $215.19. The stock has a market cap of $133.64 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.57 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 analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. Sell-side analysts anticipate that Honeywell International Inc. will post 9.78 earnings per share for the current year.

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.