Cullen Frost Bankers Inc. Has $22.56 Million Stock Holdings in Honeywell International Inc. $HON

Cullen Frost Bankers Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 107,189 shares of the conglomerate’s stock after selling 4,273 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Honeywell International were worth $22,563,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Laurel Wealth Advisors LLC boosted its holdings in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia lifted its position in Honeywell International by 171.8% during the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after buying an additional 509,456 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Honeywell International during the 2nd quarter worth about $93,152,000. SG Americas Securities LLC grew its holdings in shares of Honeywell International by 357.2% in the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after acquiring an additional 382,152 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Honeywell International by 88.1% in the second quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after acquiring an additional 375,757 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on HON shares. The Goldman Sachs Group reduced their price target on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Royal Bank Of Canada cut their price objective on Honeywell International from $253.00 to $249.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Morgan Stanley decreased their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. raised shares of Honeywell International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $218.00 to $255.00 in a research report on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Stock Down 0.5%

HON stock opened at $221.46 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $140.60 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.95. The business’s fifty day moving average price is $199.33 and its two-hundred day moving average price is $209.36.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. Honeywell International’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.