Honeywell International Inc. (NASDAQ:HON) Shares Bought by Essex Financial Services Inc.

Essex Financial Services Inc. lifted its position in Honeywell International Inc. (NASDAQ:HON) by 12.4% in the 4th quarter, HoldingsChannel reports. The firm owned 12,363 shares of the conglomerate’s stock after purchasing an additional 1,360 shares during the quarter. Essex Financial Services Inc.’s holdings in Honeywell International were worth $2,793,000 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 the company. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the 3rd quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter worth about $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the fourth quarter valued at approximately $30,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% in the third 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 boosted its position in Honeywell International by 96.4% in 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 in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $208.52 on Tuesday. The firm has a market capitalization of $135.59 billion, a PE ratio of 23.94, a PEG ratio of 2.55 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The firm’s 50-day moving average price is $224.52 and its 200 day moving average price is $215.11.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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, sell-side analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.21.

About Honeywell International

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.