Honeywell International Inc. (NASDAQ:HON) Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust lifted its position in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,918 shares of the conglomerate’s stock after acquiring an additional 120 shares during the quarter. Montecito Bank & Trust’s holdings in Honeywell International were worth $1,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC increased its stake in shares of Honeywell International by 0.6% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 11,691 shares of the conglomerate’s stock worth $2,417,000 after purchasing an additional 73 shares during the last quarter. Spinnaker Investment Group LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $701,000. Key Client Fiduciary Advisors LLC grew its stake in Honeywell International by 9.8% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 1,125 shares of the conglomerate’s stock valued at $254,000 after buying an additional 100 shares during the last quarter. Secure Asset Management LLC raised its holdings in Honeywell International by 4.5% in the 4th quarter. Secure Asset Management LLC now owns 1,538 shares of the conglomerate’s stock worth $347,000 after acquiring an additional 66 shares during the period. Finally, Red Door Wealth Management LLC lifted its position in Honeywell International by 8.4% during the 4th quarter. Red Door Wealth Management LLC now owns 28,354 shares of the conglomerate’s stock worth $6,405,000 after acquiring an additional 2,189 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $225.66 on Friday. The stock has a market capitalization of $146.73 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.58 and a beta of 1.06. The firm’s 50-day moving average price is $226.63 and its two-hundred day moving average price is $214.69. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $248.29.

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.