Y Intercept Hong Kong Ltd Buys 52,911 Shares of Honeywell International Inc. $HON

Y Intercept Hong Kong Ltd increased its stake in Honeywell International Inc. (NASDAQ:HON) by 187.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,119 shares of the conglomerate’s stock after acquiring an additional 52,911 shares during the period. Honeywell International comprises about 0.4% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 24th largest holding. Y Intercept Hong Kong Ltd’s holdings in Honeywell International were worth $17,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HON. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the second quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International during the second quarter valued at $33,000. Activest Wealth Management boosted its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC grew its position in Honeywell International by 491.7% in 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 during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on HON. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a report on Monday, December 8th. JPMorgan Chase & Co. upgraded Honeywell International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $218.00 to $255.00 in a report on Friday, January 16th. HSBC reduced their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Mizuho cut their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Eleven 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.67.

Honeywell International Stock Down 0.5%

Shares of HON opened at $221.46 on Friday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The stock has a market capitalization of $140.60 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.44 and a beta of 0.95. 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 50 day moving average price of $199.33 and a 200 day moving average price of $209.57.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 earnings per share. Equities research analysts forecast 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.