Summit X LLC lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,772 shares of the conglomerate’s stock after purchasing an additional 230 shares during the period. Summit X LLC’s holdings in Honeywell International were worth $669,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Honeywell International by 3.7% during the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Honeywell International by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,849,222 shares of the conglomerate’s stock valued at $482,088,000 after buying an additional 64,275 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Honeywell International by 0.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,572,109 shares of the conglomerate’s stock valued at $435,201,000 after buying an additional 21,401 shares during the last quarter. California Public Employees Retirement System grew its stake in Honeywell International by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 2,406,114 shares of the conglomerate’s stock valued at $407,114,000 after buying an additional 110,770 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Honeywell International by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 1,263,605 shares of the conglomerate’s stock valued at $213,802,000 after buying an additional 32,135 shares during the last quarter. Institutional investors own 75.68% of the company’s stock.
Shares of Honeywell International stock traded down $0.47 on Thursday, reaching $179.58. 2,434,031 shares of the stock were exchanged, compared to its average volume of 2,422,095. The firm’s 50 day moving average is $177.93 and its 200-day moving average is $172.14. Honeywell International Inc. has a one year low of $138.87 and a one year high of $184.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The firm has a market cap of $129.28 billion, a PE ratio of 20.98, a P/E/G ratio of 2.22 and a beta of 1.09.
HON has been the topic of a number of research reports. Bank of America upped their price target on shares of Honeywell International from $185.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Cowen set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $184.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. UBS Group initiated coverage on shares of Honeywell International in a report on Thursday, December 12th. They issued a “neutral” rating and a $192.00 price objective for the company. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $191.42.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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