Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,354 shares of the conglomerate’s stock after purchasing an additional 2,189 shares during the period. Red Door Wealth Management LLC’s holdings in Honeywell International were worth $6,405,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HON. Public Sector Pension Investment Board grew its position in shares of Honeywell International by 70.0% during the second quarter. Public Sector Pension Investment Board now owns 24,908 shares of the conglomerate’s stock worth $5,319,000 after buying an additional 10,252 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Honeywell International by 1.2% during the second quarter. Marshall Wace LLP now owns 181,340 shares of the conglomerate’s stock valued at $38,723,000 after purchasing an additional 2,101 shares during the last quarter. AXA S.A. lifted its holdings in shares of Honeywell International by 6.1% in the 2nd quarter. AXA S.A. now owns 155,975 shares of the conglomerate’s stock worth $33,307,000 after purchasing an additional 9,032 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Honeywell International during the second quarter valued at approximately $59,920,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their target price 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. Eleven 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $225.66 on Friday. 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 stock has a market capitalization of $146.73 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.58 and a beta of 1.06. The business has a 50-day moving average of $226.63 and a two-hundred day moving average of $214.69. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.

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.