Honeywell International Inc. $HON Holdings Boosted by Truist Financial Corp

Truist Financial Corp boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 31.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 595,182 shares of the conglomerate’s stock after buying an additional 141,778 shares during the period. Truist Financial Corp owned approximately 0.09% of Honeywell International worth $125,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International in the second quarter worth $26,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management lifted its position 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 acquiring an additional 115 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted 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 valued at $30,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $216.64 on Thursday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $137.54 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The firm has a fifty day moving average of $200.95 and a 200-day moving average of $208.99.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. TD Cowen dropped their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Bank of America reiterated an “underperform” rating and set a $205.00 price target (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Monday, January 5th. Eleven 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.