Cottonwood Capital Advisors LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Cottonwood Capital Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 13.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,141 shares of the conglomerate’s stock after buying an additional 132 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Honeywell International were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HON. AXA S.A. boosted its position in Honeywell International by 6.1% during the second 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 period. Dark Forest Capital Management LP purchased a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $466,000. MBB Public Markets I LLC grew its stake in Honeywell International by 1,063.8% in the 2nd quarter. MBB Public Markets I LLC now owns 45,832 shares of the conglomerate’s stock valued at $9,787,000 after buying an additional 41,894 shares in the last quarter. Legal & General Group Plc raised its holdings in Honeywell International by 0.9% during 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 acquiring an additional 42,305 shares during the period. Finally, Horizon Advisory Services Inc. lifted its position in shares of Honeywell International by 6.6% during the second quarter. Horizon Advisory Services Inc. now owns 1,184 shares of the conglomerate’s stock worth $253,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. UBS Group reiterated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $221.51 on Friday. The firm has a market capitalization of $144.04 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The business’s 50-day moving average price is $226.53 and its 200-day moving average price is $214.76.

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.