Arlington Trust Co LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Arlington Trust Co LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 57.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 964 shares of the conglomerate’s stock after purchasing an additional 352 shares during the quarter. Arlington Trust Co LLC’s holdings in Honeywell International were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HON. Baldwin Wealth Partners LLC MA raised its stake in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Honeywell International during the 4th quarter valued at $3,092,000. RIA Advisory Group LLC bought a new stake in Honeywell International in the third quarter worth $6,124,000. Copley Financial Group Inc. purchased a new stake in Honeywell International during the third quarter valued at about $454,000. Finally, Sargent Investment Group LLC grew its stake in shares of Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after buying an additional 4,082 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on HON shares. Barclays boosted their price objective on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $248.86.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $205.52 on Monday. The firm’s 50-day moving average is $224.52 and its 200 day moving average is $215.10. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The stock has a market cap of $133.64 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

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.