Strategic Financial Concepts LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Strategic Financial Concepts LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 23,527.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 233,675 shares of the conglomerate’s stock after buying an additional 232,686 shares during the period. Strategic Financial Concepts LLC’s holdings in Honeywell International were worth $52,785,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter worth about $25,000. Hoese & Co LLP acquired a new position in Honeywell International during the 4th quarter worth approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $209.82 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $225.46 and its 200 day simple moving average is $215.23. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The firm has a market capitalization of $136.44 billion, a PE ratio of 24.23, a P/E/G ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. On average, equities research analysts predict that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. Barclays raised their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. 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. JPMorgan Chase & Co. reduced their price objective 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, January 15th. Bank of America increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Eleven 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 stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $248.29.

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.