Cullen Frost Bankers Inc. Has $22.56 Million Position in Honeywell International Inc. $HON

Cullen Frost Bankers Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,189 shares of the conglomerate’s stock after selling 4,273 shares during the period. Cullen Frost Bankers Inc.’s holdings in Honeywell International were worth $22,563,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HON. Bank of New York Mellon Corp boosted its holdings in Honeywell International by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after acquiring an additional 48,968 shares during the last quarter. Unisphere Establishment raised its holdings in Honeywell International by 8.1% during the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after purchasing an additional 300,000 shares during the last quarter. Legal & General Group Plc lifted its position in Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Honeywell International by 9.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after buying an additional 263,043 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on HON shares. DZ Bank reduced their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Royal Bank Of Canada cut their price target on Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Monday, January 5th. Rothschild & Co Redburn dropped their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Price Performance

NASDAQ HON opened at $221.46 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 stock has a market cap of $140.60 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.95. The business has a 50 day simple moving average of $199.33 and a 200 day simple moving average of $209.36. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share 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 analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International 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.