Merit Financial Group LLC Acquires 4,355 Shares of Honeywell International Inc. (NASDAQ:HON)

Merit Financial Group LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,096 shares of the conglomerate’s stock after buying an additional 4,355 shares during the quarter. Merit Financial Group LLC’s holdings in Honeywell International were worth $10,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the third quarter worth $29,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International during the third quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $222.58 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business’s 50 day simple moving average is $227.00 and its 200 day simple moving average is $214.36. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target 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. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Eleven 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 stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target 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.