Spring Capital Management LLC Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Spring Capital Management LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,781 shares of the conglomerate’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $6,124,000. Copley Financial Group Inc. purchased a new position in shares of Honeywell International in the 3rd quarter valued at approximately $454,000. EP Wealth Advisors LLC increased its holdings in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Barclays lifted their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday. Eleven 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, the company currently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Down 0.0 %

Shares of NASDAQ HON opened at $222.58 on Friday. The stock has a fifty day moving average price of $227.00 and a 200 day moving average price of $214.36. The company has a market cap of $144.73 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. 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 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.