SignalPoint Asset Management LLC Purchases New Stake in Honeywell International Inc. (NASDAQ:HON)

SignalPoint Asset Management LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 930 shares of the conglomerate’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after acquiring an additional 92,112 shares during the last quarter. Wellington Management Group LLP grew its holdings in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. Geode Capital Management LLC increased its stake in Honeywell International by 4.0% in the third 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. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $222.69 on Friday. The firm has a fifty day moving average of $226.89 and a 200-day moving average of $214.30. The company has a market cap of $144.80 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Analyst Ratings Changes

HON has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Barclays lowered their price objective on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Eleven 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $247.93.

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.