Graypoint LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Graypoint LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 9.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,960 shares of the conglomerate’s stock after purchasing an additional 342 shares during the quarter. Graypoint LLC’s holdings in Honeywell International were worth $895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Absher Wealth Management LLC raised its position in shares of Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the last quarter. ZRC Wealth Management LLC raised its position in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares during the last quarter. CFM Wealth Partners LLC raised its position in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares during the last quarter. Jacobsen Capital Management raised its position in shares of Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares during the last quarter. Finally, Mengis Capital Management Inc. raised its position in shares of Honeywell International by 0.4% in the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after purchasing an additional 50 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $248.21.

Honeywell International Price Performance

Honeywell International stock opened at $218.19 on Friday. The company’s fifty day moving average price is $226.40 and its 200 day moving average price is $214.20. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The stock has a market capitalization of $141.88 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Company 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.