Merit Financial Group LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,096 shares of the conglomerate's stock after buying an additional 4,355 shares during the period. Merit Financial Group LLC's holdings in Honeywell International were worth $10,187,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in HON. Edgestream Partners L.P. acquired a new stake in shares of Honeywell International in the 2nd quarter worth about $1,864,000. Brighton Jones LLC raised its stake in shares of Honeywell International by 0.6% in the second quarter. Brighton Jones LLC now owns 17,919 shares of the conglomerate's stock worth $3,826,000 after purchasing an additional 109 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Honeywell International by 9.5% in the second quarter. Ieq Capital LLC now owns 48,216 shares of the conglomerate's stock valued at $10,296,000 after purchasing an additional 4,187 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Honeywell International by 17.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate's stock valued at $4,009,000 after buying an additional 2,734 shares during the last quarter. Finally, Callan Capital LLC grew its holdings in Honeywell International by 6.4% during the second quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate's stock worth $474,000 after buying an additional 134 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on HON shares. Robert W. Baird cut Honeywell International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada reissued a "sector perform" rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Finally, Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Eleven research 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $248.29.
Check Out Our Latest Report on Honeywell International
Honeywell International Stock Performance
NASDAQ:HON traded down $0.11 on Friday, reaching $222.58. 3,349,057 shares of the company's stock were exchanged, compared to its average volume of 3,230,753. The firm has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $227.06 and a 200-day simple moving average of $214.44. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.
Honeywell International Profile
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Free Report)
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.
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