Trinity Financial Advisors LLC Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Trinity Financial Advisors LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HONFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,120 shares of the conglomerate’s stock, valued at approximately $253,000.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $29,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp raised its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International during the third quarter valued at approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON traded down $1.98 during midday trading on Friday, hitting $218.19. 3,271,386 shares of the company traded hands, compared to its average volume of 2,839,380. The stock has a market cap of $141.88 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.85 and a beta of 1.06. The firm has a 50 day moving average of $226.22 and a 200-day moving average of $214.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HON shares. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $248.21.

Get Our Latest Research Report on HON

Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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