Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,574 shares of the conglomerate’s stock after selling 785 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Honeywell International were worth $5,095,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $57,000. Kestra Private Wealth Services LLC increased its stake in shares of Honeywell International by 15.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 39,232 shares of the conglomerate’s stock valued at $8,862,000 after buying an additional 5,224 shares during the period. Stephens Inc. AR raised its holdings in shares of Honeywell International by 3.2% during the fourth quarter. Stephens Inc. AR now owns 27,583 shares of the conglomerate’s stock valued at $6,231,000 after acquiring an additional 868 shares in the last quarter. Stockman Wealth Management Inc. boosted its holdings in Honeywell International by 3.2% in the fourth quarter. Stockman Wealth Management Inc. now owns 46,982 shares of the conglomerate’s stock valued at $10,613,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Quotient Wealth Partners LLC increased its position in Honeywell International by 6.7% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,221 shares of the conglomerate’s stock valued at $502,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Stock Performance

Shares of HON opened at $205.52 on Friday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The business’s fifty day simple moving average is $224.52 and its two-hundred day simple moving average is $215.11. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The company has a market cap of $133.64 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Profile

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.