Wedmont Private Capital Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Wedmont Private Capital boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 17.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,919 shares of the conglomerate’s stock after purchasing an additional 1,337 shares during the period. Wedmont Private Capital’s holdings in Honeywell International were worth $1,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the 3rd quarter worth $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth about $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp lifted its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in Honeywell International in the third quarter worth approximately $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded up $1.42 during trading hours on Monday, hitting $219.61. The company’s stock had a trading volume of 2,487,566 shares, compared to its average volume of 2,729,745. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company’s 50 day simple moving average is $226.40 and its two-hundred day simple moving average is $214.20. 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 company has a market cap of $142.80 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $248.07.

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.