Nexus Investment Management ULC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Nexus Investment Management ULC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,415 shares of the conglomerate's stock after buying an additional 1,400 shares during the period. Nexus Investment Management ULC's holdings in Honeywell International were worth $6,645,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Absher Wealth Management LLC increased its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock worth $413,000 after purchasing an additional 49 shares in the last quarter. ZRC Wealth Management LLC boosted its stake in shares of Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock worth $99,000 after acquiring an additional 50 shares during the period. CFM Wealth Partners LLC grew its position in shares of Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock worth $264,000 after purchasing an additional 50 shares in the last quarter. Jacobsen Capital Management lifted its holdings in Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate's stock worth $209,000 after purchasing an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in Honeywell International by 0.4% in the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate's stock worth $2,517,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.0 %

Shares of NASDAQ:HON traded down $0.11 during trading hours on Friday, hitting $222.58. The company's stock 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 current ratio of 1.44 and a quick ratio of 1.12. The firm's fifty day moving average price is $227.06 and its 200 day moving average price is $214.45. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market capitalization 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on HON shares. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a research report on Wednesday. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price objective on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.