Cvfg LLC Buys New Stake in Honeywell International Inc. (NASDAQ:HON)

Cvfg LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,135 shares of the conglomerate's stock, valued at approximately $256,000.

Several other institutional investors also recently bought and sold shares of the company. Bouvel Investment Partners LLC increased its position in Honeywell International by 1.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 18,467 shares of the conglomerate's stock valued at $4,171,000 after purchasing an additional 250 shares during the period. Ritholtz Wealth Management increased its holdings in Honeywell International by 1.4% during the fourth quarter. Ritholtz Wealth Management now owns 25,892 shares of the conglomerate's stock valued at $5,849,000 after buying an additional 364 shares during the period. Carnegie Investment Counsel raised its stake in Honeywell International by 8.7% in the fourth quarter. Carnegie Investment Counsel now owns 42,656 shares of the conglomerate's stock worth $9,636,000 after buying an additional 3,428 shares in the last quarter. SignalPoint Asset Management LLC purchased a new stake in Honeywell International during the fourth quarter worth $210,000. Finally, Heritage Family Offices LLP boosted its position in Honeywell International by 5.6% during the 4th quarter. Heritage Family Offices LLP now owns 5,136 shares of the conglomerate's stock valued at $1,160,000 after acquiring an additional 272 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock traded down $0.11 during mid-day trading on Friday, reaching $222.58. The stock had a trading volume of 3,349,057 shares, compared to its average volume of 3,663,742. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06. 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 is $227.00 and its 200-day moving average is $214.36.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Barclays boosted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday. Finally, StockNews.com lowered shares of 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Honeywell International has an average rating of "Hold" and an average target price of $248.29.

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.