Deane Retirement Strategies Inc. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Deane Retirement Strategies Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 17,671 shares of the conglomerate’s stock, valued at approximately $3,992,000. Honeywell International accounts for 2.0% of Deane Retirement Strategies Inc.’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP grew its position in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. Geode Capital Management LLC increased its stake in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Honeywell International by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after buying an additional 265,789 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after purchasing an additional 42,287 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 2.2 %

Shares of Honeywell International stock opened at $220.70 on Wednesday. The company has a fifty day simple moving average of $226.32 and a 200-day simple moving average of $214.94. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.56 and a beta of 1.06.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock 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. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price target 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 assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $248.29.

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.