Founders Grove Wealth Partners LLC Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Founders Grove Wealth Partners LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,123 shares of the conglomerate’s stock, valued at approximately $254,000.

Several other large investors have also recently bought and sold shares of the stock. Absher Wealth Management LLC raised its stake in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the last quarter. ZRC Wealth Management LLC increased its holdings in Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC increased its holdings in Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares during the period. Jacobsen Capital Management increased its holdings in Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after buying an additional 50 shares during the period. Finally, Mengis Capital Management Inc. increased its holdings in Honeywell International by 0.4% in the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after buying an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ:HON opened at $218.50 on Wednesday. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company’s 50-day moving average price is $226.83 and its two-hundred day moving average price is $214.27. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $142.08 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.85 and a beta of 1.06.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus 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.