Graypoint LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Graypoint LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,960 shares of the conglomerate’s stock after buying an additional 342 shares during the quarter. Graypoint LLC’s holdings in Honeywell International were worth $895,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. RIA Advisory Group LLC purchased a new position in shares of Honeywell International in the third quarter worth $6,124,000. Copley Financial Group Inc. purchased a new position in shares of Honeywell International in the third quarter worth $454,000. EP Wealth Advisors LLC raised its stake in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HON shares. Barclays cut their price objective on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group boosted 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $248.21.

Honeywell International Stock Performance

HON stock opened at $218.19 on Friday. The firm has a market cap of $141.88 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.85 and a beta of 1.06. The firm has a 50-day simple moving average of $226.40 and a two-hundred day simple moving average of $214.20. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

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.