ARS Wealth Advisors Group LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

ARS Wealth Advisors Group LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 78,659 shares of the conglomerate’s stock after purchasing an additional 780 shares during the quarter. Honeywell International accounts for approximately 2.4% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 12th largest position. ARS Wealth Advisors Group LLC’s holdings in Honeywell International were worth $17,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its stake in shares of Honeywell International by 4.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate’s stock worth $3,943,000 after purchasing an additional 760 shares during the last quarter. One Capital Management LLC raised its holdings in Honeywell International by 358.1% in the second quarter. One Capital Management LLC now owns 5,745 shares of the conglomerate’s stock worth $1,227,000 after purchasing an additional 4,491 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Honeywell International by 8.5% during the second quarter. Mesirow Financial Investment Management Inc. now owns 21,282 shares of the conglomerate’s stock valued at $4,546,000 after buying an additional 1,674 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Honeywell International by 2,035.4% in the 2nd quarter. Wulff Hansen & CO. now owns 44,309 shares of the conglomerate’s stock valued at $9,462,000 after buying an additional 42,234 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $286,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.2 %

Shares of HON stock traded up $0.52 during trading hours on Wednesday, reaching $219.02. 344,278 shares of the stock were exchanged, compared to its average volume of 3,098,519. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The business’s fifty day moving average is $226.83 and its two-hundred day moving average is $214.27. The firm has a market capitalization of $142.42 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Analyst Ratings Changes

Several equities research analysts have weighed in on HON shares. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $247.93.

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.