Monterey Private Wealth Inc. Acquires New Holdings in Honeywell International Inc. (NASDAQ:HON)

Monterey Private Wealth Inc. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 936 shares of the conglomerate’s stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter worth about $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. raised its holdings in 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 buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its position in 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. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $222.58 on Tuesday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The stock’s 50 day moving average is $227.00 and its 200-day moving average is $214.54. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.55 and a beta of 1.06.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Bank of America upped 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. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.