Magnus Financial Group LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Magnus Financial Group LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,936 shares of the conglomerate’s stock after purchasing an additional 48 shares during the quarter. Magnus Financial Group LLC’s holdings in Honeywell International were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Wellington Management Group LLP increased its position in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the period. Mizuho Securities USA LLC grew its holdings in Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares during the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after purchasing an additional 547,998 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Honeywell International by 146.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate’s stock worth $127,826,000 after purchasing an additional 336,296 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HON shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Barclays lifted their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Citigroup dropped their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Eleven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Trading Up 0.6 %

Shares of NASDAQ HON opened at $224.01 on Wednesday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The business has a fifty day moving average price of $226.83 and a 200 day moving average price of $214.63. The stock has a market capitalization of $145.66 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.