IronBridge Private Wealth LLC Buys 2,771 Shares of Honeywell International Inc. $HON

IronBridge Private Wealth LLC boosted its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,775 shares of the conglomerate’s stock after purchasing an additional 2,771 shares during the period. Honeywell International comprises approximately 1.5% of IronBridge Private Wealth LLC’s investment portfolio, making the stock its 19th biggest position. IronBridge Private Wealth LLC’s holdings in Honeywell International were worth $4,794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of Honeywell International by 0.7% in the 2nd 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 in the last quarter. Unisphere Establishment boosted its position in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Honeywell International by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after buying an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Honeywell International by 23,503.0% during 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. boosted its position in shares of Honeywell International by 9.9% in the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after purchasing an additional 263,043 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International News Roundup

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

Honeywell International Price Performance

Shares of NASDAQ HON opened at $222.54 on Friday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The stock has a market capitalization of $141.29 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company’s 50-day moving average is $198.88 and its 200 day moving average is $209.69.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm posted $2.58 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. 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. Argus upped their price target on Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. DZ Bank dropped their price target on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, TD Cowen dropped their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Check Out Our Latest Research Report on HON

Honeywell International Company 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.

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

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