Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Corundum Group Inc.

Corundum Group Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,297 shares of the conglomerate’s stock after acquiring an additional 2,254 shares during the quarter. Corundum Group Inc.’s holdings in Honeywell International were worth $1,648,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the third quarter valued at $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. lifted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the 3rd quarter worth approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Down 0.0 %

NASDAQ:HON opened at $222.58 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The stock has a 50-day simple moving average of $227.06 and a 200 day simple moving average of $214.45.

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.