Sterling Financial Group Inc. Purchases New Holdings in Honeywell International Inc. (NASDAQ:HON)

Sterling Financial Group Inc. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 989 shares of the conglomerate’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter valued at about $29,000. Financial Avengers Inc. boosted its stake in shares of 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 purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International during the third quarter worth approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities 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 price objective on the stock in a research note on Wednesday, December 11th. UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $247.93.

Honeywell International Stock Performance

HON opened at $222.69 on Friday. The company has a market capitalization of $144.80 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.40 and a beta of 1.06. The business’s 50-day moving average price is $226.89 and its two-hundred day moving average price is $214.30. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.