Cibc World Market Inc. Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Cibc World Market Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 320.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 858,336 shares of the conglomerate’s stock after buying an additional 654,207 shares during the period. Cibc World Market Inc. owned 0.13% of Honeywell International worth $193,890,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA raised its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after buying an additional 2,611 shares in the last quarter. RIA Advisory Group LLC bought a new stake in Honeywell International in the 3rd quarter worth $6,124,000. Copley Financial Group Inc. bought a new stake in shares of Honeywell International during the 3rd quarter valued at about $454,000. Toth Financial Advisory Corp boosted its stake in shares of Honeywell International by 11.2% during the 4th quarter. Toth Financial Advisory Corp now owns 18,395 shares of the conglomerate’s stock valued at $4,155,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 1.4 %

Shares of HON stock opened at $224.06 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of $145.70 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a 50-day moving average of $226.05 and a two-hundred day moving average of $215.02. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HON shares. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. 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. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, 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. Eleven equities research 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 company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $248.29.

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.