Spring Capital Management LLC Invests $402,000 in Honeywell International Inc. (NASDAQ:HON)

Spring Capital Management LLC bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,781 shares of the conglomerate's stock, valued at approximately $402,000.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HON. UBS Group restated a "buy" rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $248.29.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.11 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 market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth 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. 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 firm has a fifty day moving average price of $227.06 and a 200-day moving average price of $214.45.

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.