Grimes & Company Inc. Purchases 587 Shares of Honeywell International Inc. (NASDAQ:HON)

Grimes & Company Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,519 shares of the conglomerate’s stock after buying an additional 587 shares during the quarter. Grimes & Company Inc.’s holdings in Honeywell International were worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the 3rd quarter valued at about $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter valued at approximately $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter worth approximately $30,000. Financial Avengers Inc. boosted its holdings in shares of 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 grew its stake in shares of 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 buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HON shares. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. 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 data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Down 1.8 %

NASDAQ HON opened at $221.51 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market cap of $144.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. The company has a 50 day moving average of $226.38 and a 200-day moving average of $214.83. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

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.