By Ketki Saxena
Investing.com -- Honeywell International Inc. (NASDAQ:HON) saw several firms recalibrate their stakes in the multinational conglomerate, as revealed by data from the Securities and Exchange Commission (SEC).
Bullish Investors
Parallel Advisors LLC took a bullish stance on Monday, amplifying its stake in Honeywell by a striking 256.5% during Q1. Similarly, Appleton Partners Inc. MA bolstered its position by a modest 8.3% within the same timeframe.
In a similar vein, Industrial Alliance Investment Management Inc. expanded its stake by 15.7% in the fourth quarter.
My Personal CFO LLC made a fresh entry into Honeywell's shareholding during Q4, acquiring a stake valued at approximately $37,000.
Bearish Investors
Conversely, Ceredex Value Advisors LLC adopted a bearish approach, trimming its holdings in Honeywell by 12.7%.
Wells Fargo & Company (NYSE:WFC) echoed this sentiment, lowering their target price on Honeywell shares from $210.00 to $205.00 on Thursday, April 13th, while preserving an "equal weight" rating for the company.
Price Targets
Deutsche Bank Aktiengesellschaft adjusted their price target on Honeywell from $235.00 to $228.00 on Wednesday, April 12th, but maintained a "buy" rating, signalling continued confidence in the company's prospects.
Other financial institutions also fine-tuned their target prices. The Royal Bank of Canada (TSX:RY) nudged their target price upward from $204.00 to $208.00 on Wednesday, March 29th, assigning Honeywell a "sector perform" rating.
Expected Earnings
Equities research analysts, in the meantime, project that Honeywell International Inc. will deliver earnings per share of 9.16 for the current year.