Persium Advisors LLC Purchases Shares of 2,901 Honeywell International Inc. (NASDAQ:HON)

Persium Advisors LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,901 shares of the conglomerate’s stock, valued at approximately $655,000. Honeywell International accounts for approximately 0.6% of Persium Advisors LLC’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter valued at $29,000. Financial Avengers Inc. grew its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Planning Capital Management Corp grew its position 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. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International in the 3rd quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on HON shares. UBS Group reaffirmed a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Eleven 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $248.07.

Honeywell International Stock Up 0.6 %

Shares of HON stock traded up $1.22 during trading hours on Monday, reaching $219.41. 3,685,686 shares of the company’s stock were exchanged, compared to its average volume of 3,115,330. 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 $142.67 billion, a PE ratio of 25.34, a PEG ratio of 2.85 and a beta of 1.06. 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 stock’s fifty day moving average price is $226.40 and its two-hundred day moving average price is $214.20.

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.