Brendel Financial Advisors LLC Purchases New Shares in Honeywell International Inc. (NASDAQ:HON)

Brendel Financial Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 905 shares of the conglomerate’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after purchasing an additional 92,112 shares during the last quarter. Wellington Management Group LLP raised its position in Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Ameriprise Financial Inc. raised its position in Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.3 %

Shares of HON stock opened at $218.50 on Wednesday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm’s 50-day simple moving average is $226.83 and its 200-day simple moving average is $214.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of $142.08 billion, a P/E ratio of 25.23, a PEG ratio of 2.85 and a beta of 1.06.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays cut their price objective on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Eleven 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $248.07.

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.