Ballast Inc. Purchases 105 Shares of Honeywell International Inc. (NASDAQ:HON)

Ballast Inc. lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 6,430 shares of the conglomerate’s stock after acquiring an additional 105 shares during the quarter. Ballast Inc.’s holdings in Honeywell International were worth $1,452,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the third quarter worth $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. raised 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 buying an additional 50 shares during the last quarter. Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% in the third 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 bought a new position in Honeywell International in the third quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on HON shares. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price target 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. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $222.58 on Friday. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a 50 day moving average of $227.06 and a 200-day moving average of $214.44. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06.

Honeywell International Company 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.