Grandview Asset Management LLC Makes New $1.02 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Grandview Asset Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,500 shares of the conglomerate's stock, valued at approximately $1,016,000.

A number of other large investors have also recently made changes to their positions in the business. Capital Wealth Planning LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at approximately $392,478,000. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC raised its stake in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock valued at $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock worth $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after purchasing an additional 547,998 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Barclays lowered their target price on shares of Honeywell International from $260.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their target price on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of "Hold" and an average price target of $248.07.

Honeywell International Price Performance

NASDAQ HON traded down $0.60 during trading hours on Tuesday, reaching $218.50. The company's stock had a trading volume of 4,021,544 shares, compared to its average volume of 3,461,464. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $142.08 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.85 and a beta of 1.06. The firm's 50-day moving average price is $226.63 and its 200-day moving average price is $214.23.

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.