Nisa Investment Advisors LLC Buys 336,296 Shares of Honeywell International Inc. (NASDAQ:HON)

Nisa Investment Advisors LLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 146.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 565,876 shares of the conglomerate’s stock after buying an additional 336,296 shares during the period. Honeywell International comprises about 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 27th biggest position. Nisa Investment Advisors LLC owned 0.09% of Honeywell International worth $127,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $29,000. Hoese & Co LLP bought a new position in Honeywell International during the fourth quarter worth $30,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% in the third 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 period. Finally, Planning Capital Management Corp boosted its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company decreased 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. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Up 1.1 %

HON opened at $225.07 on Wednesday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week 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 company’s 50-day moving average is $227.00 and its 200 day moving average is $214.54. The firm has a market capitalization of $146.35 billion, a P/E ratio of 25.99, a PEG ratio of 2.55 and a beta of 1.06.

Honeywell International Company 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.