Spartan Planning & Wealth Management Purchases New Shares in Honeywell International Inc. (NASDAQ:HON)

Spartan Planning & Wealth Management acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,384 shares of the conglomerate’s stock, valued at approximately $313,000.

Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its position in Honeywell International by 13.9% in the second quarter. Los Angeles Capital Management LLC now owns 23,463 shares of the conglomerate’s stock worth $5,010,000 after acquiring an additional 2,869 shares during the period. Norden Group LLC lifted its stake in Honeywell International by 14.8% in the second quarter. Norden Group LLC now owns 2,475 shares of the conglomerate’s stock valued at $529,000 after purchasing an additional 319 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Honeywell International during the second quarter valued at $330,000. Acadian Asset Management LLC increased its position in Honeywell International by 36.7% in the second quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after buying an additional 1,575 shares during the last quarter. Finally, HCR Wealth Advisors raised its stake in shares of Honeywell International by 1.5% in the second quarter. HCR Wealth Advisors now owns 11,383 shares of the conglomerate’s stock valued at $2,431,000 after buying an additional 171 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. UBS Group restated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $248.57.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.59 during midday trading on Tuesday, hitting $221.15. 1,296,311 shares of the company’s stock were exchanged, compared to its average volume of 2,449,278. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average price is $225.32 and its two-hundred day moving average price is $214.06. The company has a market cap of $143.80 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Profile

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.