Ferris Capital LLC Increases Stock Position in Honeywell International Inc. (NYSE:HON)

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Ferris Capital LLC boosted its stake in Honeywell International Inc. (NYSE:HON) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,553 shares of the conglomerate’s stock after acquiring an additional 138 shares during the period. Ferris Capital LLC’s holdings in Honeywell International were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Glassman Wealth Services raised its holdings in shares of Honeywell International by 27.0% in the third quarter. Glassman Wealth Services now owns 282 shares of the conglomerate’s stock valued at $48,000 after buying an additional 60 shares during the last quarter. Wealthquest Corp raised its holdings in shares of Honeywell International by 1.2% in the third quarter. Wealthquest Corp now owns 5,203 shares of the conglomerate’s stock valued at $880,000 after buying an additional 61 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Honeywell International by 2.1% in the third quarter. Integrated Wealth Concepts LLC now owns 3,090 shares of the conglomerate’s stock valued at $523,000 after buying an additional 64 shares during the last quarter. Nicolet Bankshares Inc. raised its holdings in shares of Honeywell International by 1.1% in the third quarter. Nicolet Bankshares Inc. now owns 6,025 shares of the conglomerate’s stock valued at $1,019,000 after buying an additional 65 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC raised its holdings in shares of Honeywell International by 2.9% in the third quarter. Marble Harbor Investment Counsel LLC now owns 2,380 shares of the conglomerate’s stock valued at $403,000 after buying an additional 66 shares during the last quarter. 75.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. Deutsche Bank upped their target price on shares of Honeywell International from $189.00 to $199.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $184.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, January 3rd. UBS Group assumed coverage on shares of Honeywell International in a report on Thursday, December 12th. They issued a “neutral” rating and a $192.00 target price for the company. Finally, William Blair reaffirmed a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $191.42.

NYSE HON opened at $179.58 on Friday. The stock has a market capitalization of $128.65 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.21 and a beta of 1.09. Honeywell International Inc. has a 52-week low of $138.87 and a 52-week high of $184.06. The firm has a 50-day moving average price of $177.93 and a 200 day moving average price of $172.14. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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