Pines Wealth Management LLC Makes New $645,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Pines Wealth Management LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,957 shares of the conglomerate’s stock, valued at approximately $645,000.

Other hedge funds have also made changes to their positions in the company. RIA Advisory Group LLC bought a new position in Honeywell International during the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. acquired a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $454,000. EP Wealth Advisors LLC lifted its stake in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC increased its stake in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. UBS Group restated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, HSBC upgraded 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. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $248.07.

Honeywell International Stock Down 0.3 %

HON stock opened at $218.50 on Wednesday. The firm’s 50-day moving average is $226.83 and its two-hundred day moving average is $214.27. 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 company has a market capitalization of $142.08 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

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.