DAVENPORT & Co LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

DAVENPORT & Co LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 31.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,228 shares of the conglomerate’s stock after buying an additional 17,413 shares during the period. DAVENPORT & Co LLC’s holdings in Honeywell International were worth $16,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HON. ZWJ Investment Counsel Inc. grew its stake in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC lifted its stake in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after buying an additional 47 shares during the period. Magnus Financial Group LLC boosted its holdings in shares of Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares during the last quarter. Absher Wealth Management LLC grew its position in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the period. Finally, Bill Few Associates Inc. grew its stake in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after acquiring an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HON. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company cut their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note 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. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $223.72 on Monday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The stock has a market cap of $145.47 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.54 and a beta of 1.06. The firm’s 50-day moving average is $225.91 and its 200 day moving average is $215.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.