Arbor Trust Wealth Advisors LLC Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Arbor Trust Wealth Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,475 shares of the conglomerate’s stock after purchasing an additional 1,100 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Honeywell International were worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC boosted its position in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after acquiring an additional 575,865 shares during the period. Geode Capital Management LLC raised its holdings in Honeywell International by 4.0% in the 3rd 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 during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased 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 report on Tuesday, January 7th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $222.58 on Friday. The business’s 50-day simple moving average is $227.06 and its 200 day simple moving average is $214.44. The company has a market cap of $144.73 billion, a P/E ratio of 25.70, a PEG ratio of 2.40 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. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International 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.