NovaPoint Capital LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

NovaPoint Capital LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,453 shares of the conglomerate’s stock after purchasing an additional 766 shares during the quarter. NovaPoint Capital LLC’s holdings in Honeywell International were worth $3,942,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $29,000. Hoese & Co LLP purchased a new position in Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. lifted its stake in 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 buying an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HON shares. Jefferies Financial Group raised their price target 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. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Eleven research 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 stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Stock Performance

Shares of HON stock opened at $222.35 on Thursday. The stock has a market capitalization of $144.58 billion, a PE ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. The firm has a 50 day moving average of $225.61 and a two-hundred day moving average of $215.18. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

About Honeywell International

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.