Apollon Wealth Management LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Apollon Wealth Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,221 shares of the conglomerate’s stock after purchasing an additional 9,744 shares during the quarter. Apollon Wealth Management LLC’s holdings in Honeywell International were worth $11,570,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HON. CWM LLC raised its holdings in Honeywell International by 3.4% in the third quarter. CWM LLC now owns 42,031 shares of the conglomerate’s stock valued at $8,688,000 after acquiring an additional 1,373 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Honeywell International by 41.7% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,915 shares of the conglomerate’s stock valued at $1,016,000 after purchasing an additional 1,446 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth $1,752,000. Independence Bank of Kentucky increased its holdings in Honeywell International by 12.5% in the third quarter. Independence Bank of Kentucky now owns 8,997 shares of the conglomerate’s stock valued at $1,860,000 after buying an additional 1,002 shares during the last quarter. Finally, LVW Advisors LLC lifted its holdings in Honeywell International by 10.9% during the 3rd quarter. LVW Advisors LLC now owns 2,373 shares of the conglomerate’s stock worth $491,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 2.0 %

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

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. As a group, equities research analysts anticipate that Honeywell International Inc. will post 9.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HON. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $248.86.

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.