Crews Bank & Trust Purchases New Holdings in Honeywell International Inc. (NASDAQ:HON)

Crews Bank & Trust acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,190 shares of the conglomerate's stock, valued at approximately $1,850,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the period. Mizuho Securities USA LLC increased its position in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock valued at $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after acquiring an additional 547,998 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Honeywell International by 146.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate's stock worth $127,826,000 after purchasing an additional 336,296 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a "buy" rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Robert W. Baird lowered Honeywell International from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Eleven 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $248.29.

Honeywell International Price Performance

HON traded down $1.64 during trading on Monday, hitting $222.09. 1,556,022 shares of the company traded hands, compared to its average volume of 3,414,092. 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 company has a market cap of $144.41 billion, a PE ratio of 25.67, a P/E/G ratio of 2.57 and a beta of 1.05. The stock's 50-day simple moving average is $225.91 and its two-hundred day simple moving average is $215.08. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year 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.