Commerzbank Aktiengesellschaft FI Boosts Holdings in Honeywell International Inc. $HON

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,382 shares of the conglomerate’s stock after buying an additional 13,318 shares during the period. Honeywell International comprises 1.3% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 23rd largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Honeywell International were worth $63,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International during the second quarter worth $26,000. Barnes Dennig Private Wealth Management LLC grew its stake in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter worth $33,000. Activest Wealth Management increased its holdings in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.5%

HON stock opened at $221.46 on Friday. The stock has a market cap of $140.60 billion, a P/E ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The company’s 50 day moving average is $199.33 and its two-hundred day moving average is $209.36.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $2.58 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore ISI began coverage on Honeywell International in a research report on Monday, December 15th. They set an “outperform” rating and a $255.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Honeywell International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $218.00 to $255.00 in a research note on Friday, January 16th. DZ Bank lowered their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $237.67.

Honeywell International Company Profile

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.