Cidel Asset Management Inc. Buys 60 Shares of Honeywell International Inc. (NASDAQ:HON)

Cidel Asset Management Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,865 shares of the conglomerate’s stock after buying an additional 60 shares during the period. Cidel Asset Management Inc.’s holdings in Honeywell International were worth $874,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the third quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter worth $29,000. Hoese & Co LLP bought a new stake in Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. boosted its position in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its stake 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 buying an additional 81 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $205.52 on Friday. The firm has a market capitalization of $133.64 billion, a PE ratio of 23.73, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a 50 day moving average price of $225.07 and a 200-day moving average price of $215.19. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Honeywell International Inc. will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Barclays boosted their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. The Goldman Sachs Group boosted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.86.

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.