Tennessee Valley Asset Management Partners Takes $981,000 Position in Honeywell International Inc. (NASDAQ:HON)

Tennessee Valley Asset Management Partners purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,341 shares of the conglomerate’s stock, valued at approximately $981,000.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter valued at about $25,000. Hoese & Co LLP bought a new position in Honeywell International in the fourth quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the third quarter valued at approximately $29,000. Financial Avengers Inc. lifted its stake in 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 purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of 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 purchasing an additional 81 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HON shares. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Barclays upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Down 1.8 %

Shares of NASDAQ:HON opened at $221.51 on Monday. 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 current ratio of 1.44 and a quick ratio of 1.12. The business’s 50-day moving average is $226.38 and its 200-day moving average is $214.86. The company has a market capitalization of $144.04 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06.

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.