Apella Capital LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Apella Capital LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,893 shares of the conglomerate’s stock after purchasing an additional 229 shares during the period. Apella Capital LLC’s holdings in Honeywell International were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Edgestream Partners L.P. purchased a new position in shares of Honeywell International in the second quarter valued at about $1,864,000. E Fund Management Co. Ltd. grew its stake in shares of Honeywell International by 1.5% in the second quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock worth $1,398,000 after purchasing an additional 97 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Honeywell International by 9.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock valued at $18,456,000 after purchasing an additional 7,668 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in Honeywell International by 664.6% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock worth $8,249,000 after buying an additional 33,576 shares during the period. Finally, Argent Trust Co grew its position in shares of Honeywell International by 0.3% in the 2nd quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock worth $21,031,000 after buying an additional 335 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Bank of America raised 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. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Barclays reduced their target price on Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $247.93.

Honeywell International Price Performance

HON opened at $219.54 on Thursday. The firm has a market cap of $142.76 billion, a PE ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06. The stock has a 50-day moving average price of $226.83 and a 200-day moving average price of $214.27. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year 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.

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.