Procyon Advisors LLC Acquires 374 Shares of Honeywell International Inc. (NASDAQ:HON)

Procyon Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,799 shares of the conglomerate’s stock after acquiring an additional 374 shares during the period. Procyon Advisors LLC’s holdings in Honeywell International were worth $3,117,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the 3rd quarter worth $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter worth about $29,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $222.69 on Friday. The firm has a market capitalization of $144.80 billion, a PE ratio of 25.71, a PEG ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company’s 50-day moving average is $226.89 and its 200-day moving average is $214.30. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HON. Barclays cut their target price on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Citigroup decreased their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $247.93.

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.