Vest Financial LLC Has $3.81 Million Stock Position in Honeywell International Inc. $HON

Vest Financial LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 23.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,084 shares of the conglomerate’s stock after acquiring an additional 3,488 shares during the quarter. Vest Financial LLC’s holdings in Honeywell International were worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Honeywell International by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after purchasing an additional 48,968 shares during the last quarter. Unisphere Establishment lifted its position in shares of Honeywell International by 8.1% during the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after purchasing an additional 300,000 shares during the last quarter. Legal & General Group Plc boosted its stake in Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Honeywell International by 9.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after buying an additional 263,043 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.5%

Shares of HON stock opened at $222.54 on Friday. The firm has a fifty day moving average of $198.88 and a 200-day moving average of $209.69. The stock has a market cap of $141.29 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.41 and a beta of 0.95. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.58 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HON. Barclays cut their price target on Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, December 24th. HSBC cut their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Robert W. Baird cut their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. raised Honeywell International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $218.00 to $255.00 in a research report on Friday, January 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.67.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.