KBC Group NV Acquires 5,450 Shares of Honeywell International Inc. (NASDAQ:HON)

KBC Group NV raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,686 shares of the conglomerate's stock after acquiring an additional 5,450 shares during the quarter. KBC Group NV's holdings in Honeywell International were worth $12,127,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International in the third quarter valued at about $454,000. Toth Financial Advisory Corp increased its position in Honeywell International by 11.2% in the 4th quarter. Toth Financial Advisory Corp now owns 18,395 shares of the conglomerate's stock worth $4,155,000 after purchasing an additional 1,859 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate's stock valued at $132,155,000 after buying an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock worth $15,199,000 after buying an additional 52,830 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.4 %

Shares of NASDAQ:HON traded up $3.01 during midday trading on Thursday, hitting $224.06. The company had a trading volume of 760,984 shares, compared to its average volume of 3,509,000. The firm has a fifty day simple moving average of $226.05 and a 200 day simple moving average of $215.02. The stock has a market cap of $145.69 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.56 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. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HON. Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Baird R W cut Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Wells Fargo & Company cut their price objective on Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. UBS Group reiterated a "buy" rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Eleven equities research 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 company currently has an average rating of "Hold" and a consensus target price of $248.29.

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.