M.E. Allison & CO. Inc. Takes Position in Honeywell International Inc. (NASDAQ:HON)

M.E. Allison & CO. Inc. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,303 shares of the conglomerate's stock, valued at approximately $295,000.

Other institutional investors have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp boosted its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after buying an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International in the third quarter worth $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock traded down $0.11 on Monday, reaching $222.58. The company had a trading volume of 3,349,057 shares, compared to its average volume of 3,230,753. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company's fifty day moving average is $227.06 and its 200 day moving average is $214.47. The company has a market cap of $144.73 billion, a P/E ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Analyst Upgrades and Downgrades

HON has been the subject of several analyst reports. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price target on Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Finally, Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.