Corundum Group Inc. Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Corundum Group Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,297 shares of the conglomerate's stock after acquiring an additional 2,254 shares during the quarter. Corundum Group Inc.'s holdings in Honeywell International were worth $1,648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Absher Wealth Management LLC boosted its holdings 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 worth $413,000 after purchasing an additional 49 shares during the period. ZRC Wealth Management LLC raised its holdings in shares of Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock worth $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC boosted its holdings in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock valued at $264,000 after acquiring an additional 50 shares during the period. Jacobsen Capital Management lifted its position in shares of Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate's stock worth $209,000 after purchasing an additional 50 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in shares of Honeywell International by 0.4% during the third 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 period. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Bank of America raised 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. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven investment 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $248.29.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.11 on Monday, hitting $222.58. 3,349,057 shares of the company were exchanged, compared to its average volume of 3,230,753. 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 stock's 50 day moving average price is $227.06 and its 200 day moving average price is $214.47. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.

About Honeywell International

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.