Equitable Trust Co. Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Equitable Trust Co. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,664 shares of the conglomerate’s stock after selling 1,450 shares during the period. Equitable Trust Co.’s holdings in Honeywell International were worth $3,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HON. Fiduciary Financial Group LLC boosted its stake in shares of Honeywell International by 4.7% in the 3rd quarter. Fiduciary Financial Group LLC now owns 1,190 shares of the conglomerate’s stock worth $246,000 after buying an additional 53 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in Honeywell International by 1.5% in the third quarter. Mechanics Bank Trust Department now owns 19,764 shares of the conglomerate’s stock valued at $4,085,000 after purchasing an additional 297 shares during the last quarter. Annex Advisory Services LLC lifted its stake in Honeywell International by 10.5% in the third quarter. Annex Advisory Services LLC now owns 45,666 shares of the conglomerate’s stock valued at $9,440,000 after purchasing an additional 4,325 shares during the last quarter. Cardinal Capital Management Inc. lifted its stake in Honeywell International by 2.4% in the third quarter. Cardinal Capital Management Inc. now owns 125,750 shares of the conglomerate’s stock valued at $25,994,000 after purchasing an additional 2,905 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its stake in Honeywell International by 17.0% in the third quarter. Carnegie Investment Counsel now owns 39,228 shares of the conglomerate’s stock valued at $8,109,000 after purchasing an additional 5,687 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $236.00 to $260.00 in a research report on Friday. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada dropped their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Stock Down 2.0 %

HON opened at $205.52 on Monday. The stock has a market cap of $133.64 billion, a PE ratio of 23.60, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The business’s fifty day simple moving average is $224.52 and its 200 day simple moving average is $215.10.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts expect that Honeywell International Inc. will post 10.3 earnings per share 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.