iA Global Asset Management Inc. Boosts Stake in Honeywell International Inc. $HON

iA Global Asset Management Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,522 shares of the conglomerate’s stock after acquiring an additional 2,343 shares during the quarter. iA Global Asset Management Inc.’s holdings in Honeywell International were worth $15,476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Armstrong Fleming & Moore Inc acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $998,000. Triton Financial Group Inc acquired a new position in Honeywell International in the second quarter valued at approximately $1,001,000. Managed Asset Portfolios LLC grew its position in Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after acquiring an additional 2,154 shares during the period. Baxter Bros Inc. increased its stake in Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after acquiring an additional 4,543 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Honeywell International during the second quarter worth $1,943,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Monday, January 5th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Argus lifted their price target on shares of Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays reduced their price target on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $237.67.

Get Our Latest Research Report on HON

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

Honeywell International Trading Up 1.5%

NASDAQ HON opened at $222.54 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm has a market cap of $141.29 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.41 and a beta of 0.95. The firm has a 50 day simple moving average of $198.88 and a 200-day simple moving average of $209.69. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $2.58 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Featured Stories

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.