First Fiduciary Investment Counsel Inc. Purchases 868 Shares of Honeywell International Inc. (NASDAQ:HON)

First Fiduciary Investment Counsel Inc. boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 84,633 shares of the conglomerate’s stock after purchasing an additional 868 shares during the quarter. Honeywell International comprises approximately 3.9% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 6th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Honeywell International were worth $19,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Wellington Management Group LLP grew its position in Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. International Assets Investment Management LLC grew its position in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the period. Cibc World Market Inc. grew its position in shares of Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares during the period. Mizuho Securities USA LLC grew its position in shares of Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HON shares. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.21.

Honeywell International Trading Up 1.5 %

HON opened at $208.52 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The company’s 50 day simple moving average is $224.52 and its two-hundred day simple moving average is $215.11. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm has a market capitalization of $135.59 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its earnings results 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 14.82% and a return on equity of 35.78%. Analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

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.