JCIC Asset Management Inc. trimmed its position in Honeywell International Inc. (NYSE:HON) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,132 shares of the conglomerate’s stock after selling 131 shares during the quarter. Honeywell International accounts for 2.1% of JCIC Asset Management Inc.’s holdings, making the stock its 20th biggest holding. JCIC Asset Management Inc.’s holdings in Honeywell International were worth $5,333,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Investors Research Corp increased its position in Honeywell International by 678.3% during the 3rd quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock worth $30,000 after buying an additional 156 shares during the period. Transamerica Financial Advisors Inc. increased its position in Honeywell International by 2,371.4% during the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after buying an additional 166 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new position in Honeywell International during the 2nd quarter worth $35,000. Ellevest Inc. increased its position in Honeywell International by 83.2% during the 2nd quarter. Ellevest Inc. now owns 229 shares of the conglomerate’s stock worth $40,000 after buying an additional 104 shares during the period. Finally, Strategic Blueprint LLC bought a new position in Honeywell International during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 75.56% of the company’s stock.
Shares of HON stock opened at $178.68 on Monday. Honeywell International Inc. has a twelve month low of $135.98 and a twelve month high of $183.12. The stock’s fifty day simple moving average is $176.84 and its 200 day simple moving average is $171.76. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $127.67 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.20 and a beta of 1.09.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share. As a group, equities research analysts expect that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.
Several analysts have recently issued reports on HON shares. Bank of America increased their target price on Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their target price on Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Cowen set a $180.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, UBS Group started coverage on Honeywell International in a report on Thursday, December 12th. They set a “neutral” rating and a $192.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $191.25.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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