Kestra Private Wealth Services LLC Purchases 5,224 Shares of Honeywell International Inc. (NASDAQ:HON)

Kestra Private Wealth Services LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 15.4% during the fourth quarter, HoldingsChannel reports. The fund owned 39,232 shares of the conglomerate’s stock after buying an additional 5,224 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Honeywell International were worth $8,862,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR increased its stake in shares of Honeywell International by 3.2% in the fourth quarter. Stephens Inc. AR now owns 27,583 shares of the conglomerate’s stock worth $6,231,000 after purchasing an additional 868 shares in the last quarter. Stockman Wealth Management Inc. boosted its holdings in Honeywell International by 3.2% in the 4th quarter. Stockman Wealth Management Inc. now owns 46,982 shares of the conglomerate’s stock worth $10,613,000 after buying an additional 1,445 shares during the period. Quotient Wealth Partners LLC grew its stake in Honeywell International by 6.7% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,221 shares of the conglomerate’s stock valued at $502,000 after buying an additional 139 shares in the last quarter. Benedict Financial Advisors Inc. lifted its position in shares of Honeywell International by 0.8% during the fourth quarter. Benedict Financial Advisors Inc. now owns 26,499 shares of the conglomerate’s stock worth $5,986,000 after acquiring an additional 201 shares in the last quarter. Finally, Richard C. Young & CO. LTD. bought a new position in shares of Honeywell International in the fourth quarter worth $6,471,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 2.0 %

Shares of NASDAQ HON opened at $205.52 on Monday. The stock has a market capitalization of $133.64 billion, a P/E ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm’s 50 day simple moving average is $224.52 and its two-hundred day simple moving average is $215.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate 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, analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group reissued a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price 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.