Orca Wealth Management LLC Buys Shares of 7,432 Honeywell International Inc. (NASDAQ:HON)

Orca Wealth Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,432 shares of the conglomerate’s stock, valued at approximately $1,679,000. Honeywell International accounts for 1.5% of Orca Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also made changes to their positions in HON. BSW Wealth Partners boosted its holdings in shares of Honeywell International by 16.9% in the 4th quarter. BSW Wealth Partners now owns 2,915 shares of the conglomerate’s stock worth $658,000 after acquiring an additional 421 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Honeywell International by 91.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,897 shares of the conglomerate’s stock valued at $654,000 after acquiring an additional 1,384 shares during the last quarter. Stonegate Investment Group LLC raised its position in shares of Honeywell International by 1.6% during the 4th quarter. Stonegate Investment Group LLC now owns 331,622 shares of the conglomerate’s stock valued at $74,910,000 after acquiring an additional 5,308 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Honeywell International by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 15,169 shares of the conglomerate’s stock valued at $3,378,000 after buying an additional 175 shares in the last quarter. Finally, Jeppson Wealth Management LLC increased its position in shares of Honeywell International by 5.1% in the 4th quarter. Jeppson Wealth Management LLC now owns 2,078 shares of the conglomerate’s stock valued at $469,000 after buying an additional 101 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Performance

HON opened at $220.70 on Wednesday. The firm has a market cap of $143.51 billion, a P/E ratio of 25.49, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a 50 day simple moving average of $226.32 and a two-hundred day simple moving average of $214.94. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

About Honeywell International

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.