Apollon Financial LLC Takes $361,000 Position in Honeywell International Inc. (NASDAQ:HON)

Apollon Financial LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,599 shares of the conglomerate’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the third quarter worth about $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter valued at approximately $30,000. Financial Avengers Inc. lifted its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $205.52 on Friday. The business’s 50-day simple moving average is $225.07 and its 200-day simple moving average is $215.19. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market cap of $133.64 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 net margin of 15.02% and a return on equity of 37.77%. As a group, equities research analysts expect that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $236.00 to $260.00 in a research note on Friday. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.86.

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.