Bristlecone Advisors LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Bristlecone Advisors LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,662 shares of the conglomerate’s stock after buying an additional 410 shares during the period. Bristlecone Advisors LLC’s holdings in Honeywell International were worth $3,312,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. grew its stake in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 2.0 %

HON opened at $205.52 on Monday. The business has a 50 day moving average price of $224.52 and a two-hundred day moving average price of $215.10. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company 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 (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 net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays boosted their price target on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a report on Friday. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average 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.