Stonegate Investment Group LLC Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Stonegate Investment Group LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,622 shares of the conglomerate’s stock after acquiring an additional 5,308 shares during the period. Honeywell International makes up 2.0% of Stonegate Investment Group LLC’s portfolio, making the stock its 17th biggest position. Stonegate Investment Group LLC’s holdings in Honeywell International were worth $74,910,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter worth approximately $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. raised its holdings 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 in the last quarter. Finally, Planning Capital Management Corp lifted its holdings in 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 acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON stock opened at $225.77 on Tuesday. The company has a market capitalization of $146.80 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.56 and a beta of 1.06. The firm has a 50 day moving average of $226.38 and a two-hundred day moving average of $214.86. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target 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.