Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Adero Partners LLC

Adero Partners LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,393 shares of the conglomerate’s stock after purchasing an additional 124 shares during the quarter. Adero Partners LLC’s holdings in Honeywell International were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter valued at about $25,000. Hoese & Co LLP acquired a new position in Honeywell International during the 4th quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the 3rd quarter valued at about $29,000. Financial Avengers Inc. increased its stake in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays lifted their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

HON opened at $222.35 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $144.58 billion, a PE ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company’s 50 day simple moving average is $225.61 and its 200 day simple moving average is $215.18.

Honeywell International (NASDAQ:HON) last posted its quarterly 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 15.02% and a return on equity of 37.77%. As a group, sell-side analysts expect that Honeywell International Inc. will post 9.78 EPS for the current year.

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.