Highland Capital Management LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Highland Capital Management LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 555.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,478 shares of the conglomerate’s stock after purchasing an additional 8,031 shares during the quarter. Highland Capital Management LLC’s holdings in Honeywell International were worth $2,141,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the third quarter valued at approximately $25,000. Hoese & Co LLP acquired a new stake in Honeywell International during the 4th quarter worth approximately $30,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. boosted its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp raised its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 1.4 %

NASDAQ:HON opened at $224.06 on Friday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. 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 business has a 50 day simple moving average of $226.05 and a 200 day simple moving average of $215.02. The firm has a market capitalization of $145.70 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.56 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HON shares. Citigroup decreased their target price 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. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Eleven 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. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $248.29.

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.