Phillips Wealth Planners LLC Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Phillips Wealth Planners LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,169 shares of the conglomerate’s stock after buying an additional 117 shares during the period. Phillips Wealth Planners LLC’s holdings in Honeywell International were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth $29,000. Hoese & Co LLP bought a new stake in Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Robert W. Baird downgraded 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 report on Friday, October 25th. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Eleven investment 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 company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $223.09 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The stock has a 50-day moving average price of $226.83 and a 200 day moving average price of $214.63. The stock has a market capitalization of $145.06 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.55 and a beta of 1.06.

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.