Fulton Bank N.A. Has $3.96 Million Position in Honeywell International Inc. (NASDAQ:HON)

Fulton Bank N.A. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,514 shares of the conglomerate’s stock after acquiring an additional 140 shares during the period. Fulton Bank N.A.’s holdings in Honeywell International were worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $29,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp grew its holdings in shares of 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 during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International during the 3rd quarter valued at about $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded down $0.40 on Wednesday, reaching $220.23. The stock had a trading volume of 789,842 shares, compared to its average volume of 2,462,066. The stock has a market cap of $143.20 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. 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 1 year low of $189.66 and a 1 year high of $242.77. The company has a 50 day simple moving average of $225.61 and a 200 day simple moving average of $214.10.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $248.21.

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.