KG&L Capital Management LLC Boosts Holdings in Honeywell International Inc. (NYSE:HON)

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KG&L Capital Management LLC lifted its stake in Honeywell International Inc. (NYSE:HON) by 37.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,288 shares of the conglomerate’s stock after purchasing an additional 2,000 shares during the quarter. KG&L Capital Management LLC’s holdings in Honeywell International were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of HON. CVA Family Office LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $32,000. Aigen Investment Management LP purchased a new position in shares of Honeywell International in the 1st quarter worth about $35,000. Westside Investment Management Inc. bought a new stake in Honeywell International in the 1st quarter worth about $36,000. Pathstone Family Office LLC bought a new stake in Honeywell International in the 1st quarter worth about $37,000. Finally, PSI Advisors LLC bought a new stake in Honeywell International in the 4th quarter worth about $40,000. 76.51% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on HON shares. Morgan Stanley lifted their price objective on Honeywell International from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Robert W. Baird reduced their price objective on Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Deutsche Bank downgraded Honeywell International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $165.00 to $149.00 in a report on Monday, May 4th. William Blair restated a “market perform” rating on shares of Honeywell International in a research note on Monday, May 4th. Finally, Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 price target for the company. in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $156.47.

NYSE HON traded down $3.08 during trading hours on Thursday, reaching $142.51. The company’s stock had a trading volume of 42,595 shares, compared to its average volume of 3,452,499. The firm’s 50-day moving average price is $145.90 and its 200-day moving average price is $153.98. The company has a quick ratio of 1.04, a current ratio of 1.30 and a debt-to-equity ratio of 0.65. Honeywell International Inc. has a 1 year low of $101.08 and a 1 year high of $184.06. The company has a market capitalization of $101.75 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.81 and a beta of 1.03.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The company had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.56 billion. During the same period in the previous year, the firm earned $1.92 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 6.93 EPS for the current fiscal year.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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