Ibex Wealth Advisors boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,989 shares of the conglomerate’s stock after buying an additional 446 shares during the period. Ibex Wealth Advisors’ holdings in Honeywell International were worth $2,237,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of HON. State Street Corp increased its stake in Honeywell International by 4.4% in the fourth quarter. State Street Corp now owns 30,884,640 shares of the conglomerate’s stock valued at $3,577,992,000 after buying an additional 1,313,465 shares in the last quarter. Morgan Stanley increased its stake in Honeywell International by 4.1% in the third quarter. Morgan Stanley now owns 11,693,854 shares of the conglomerate’s stock valued at $1,363,390,000 after buying an additional 455,732 shares in the last quarter. BlackRock Fund Advisors increased its stake in Honeywell International by 3.1% in the third quarter. BlackRock Fund Advisors now owns 9,259,195 shares of the conglomerate’s stock valued at $1,079,530,000 after buying an additional 278,923 shares in the last quarter. Franklin Resources Inc. increased its stake in Honeywell International by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 6,563,245 shares of the conglomerate’s stock valued at $760,354,000 after buying an additional 337,250 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in Honeywell International by 59.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate’s stock valued at $583,698,000 after buying an additional 1,885,005 shares in the last quarter. 76.17% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded up 3.20% during midday trading on Friday, hitting $127.73. The stock had a trading volume of 2,364,948 shares. The stock has a market cap of $97.23 billion, a PE ratio of 20.60 and a beta of 0.94. The firm has a 50 day moving average price of $125.11 and a 200 day moving average price of $117.96. Honeywell International Inc. has a one year low of $105.25 and a one year high of $128.30.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The company earned $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter last year, the firm posted $1.56 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $7.04 EPS for the current year.
A number of equities analysts have recently issued reports on HON shares. Credit Suisse Group AG increased their target price on Honeywell International from $112.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, January 30th. Jefferies Group LLC raised their price objective on Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a research note on Tuesday, February 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $144.00 price objective on shares of Honeywell International in a research note on Tuesday, April 11th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, March 14th. Finally, Argus reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Honeywell International in a research note on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $130.68.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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