Naples Global Advisors LLC Has $1.40 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Naples Global Advisors LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,204 shares of the conglomerate’s stock after buying an additional 183 shares during the quarter. Naples Global Advisors LLC’s holdings in Honeywell International were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Honeywell International by 112.1% during the third quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock worth $974,000 after buying an additional 2,490 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Honeywell International by 4.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock valued at $253,000 after purchasing an additional 53 shares during the last quarter. Creative Planning boosted its holdings in Honeywell International by 6.2% in the 3rd quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock valued at $47,653,000 after purchasing an additional 13,420 shares during the period. Vontobel Holding Ltd. grew its position in Honeywell International by 15.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 20,313 shares of the conglomerate’s stock worth $4,199,000 after purchasing an additional 2,742 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Honeywell International by 30.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 663 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 153 shares during the period. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays decreased their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

NASDAQ HON opened at $205.27 on Friday. The firm has a market cap of $133.48 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.55 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a 50 day moving average of $223.20 and a 200-day moving average of $215.11.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, equities analysts forecast that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.