Trinity Financial Advisors LLC Takes $253,000 Position in Honeywell International Inc. (NASDAQ:HON)

Trinity Financial Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,120 shares of the conglomerate’s stock, valued at approximately $253,000.

Several other large investors also recently made changes to their positions in the company. State Street Corp grew its position in Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.9 %

Shares of Honeywell International stock traded down $1.98 during midday trading on Friday, reaching $218.19. 3,271,386 shares of the company’s stock traded hands, compared to its average volume of 2,839,380. The stock has a 50 day moving average of $226.22 and a 200-day moving average of $214.18. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a market cap of $141.88 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HON shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Citigroup upped their price objective on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Eleven 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $248.21.

About Honeywell International

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.