Confluence Wealth Services Inc. Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Confluence Wealth Services Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,059 shares of the conglomerate’s stock after acquiring an additional 263 shares during the period. Confluence Wealth Services Inc.’s holdings in Honeywell International were worth $465,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HON. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International during the fourth quarter worth about $30,000. Financial Avengers Inc. increased its position 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 purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted 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 during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ:HON opened at $222.35 on Thursday. The company has a market capitalization of $144.58 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock’s fifty day simple moving average is $225.61 and its 200-day simple moving average is $215.18. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Analyst Upgrades and Downgrades

Several research analysts have commented on HON shares. Barclays lifted their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. 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 note on Wednesday, November 13th. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Eleven research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $248.29.

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.