Honeywell International Inc. (NASDAQ:HON) Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,936 shares of the conglomerate’s stock after purchasing an additional 48 shares during the quarter. Magnus Financial Group LLC’s holdings in Honeywell International were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after acquiring an additional 92,112 shares during the last quarter. Wellington Management Group LLP grew its position in Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.6 %

HON stock opened at $224.01 on Wednesday. The business’s 50-day moving average is $226.83 and its 200 day moving average is $214.63. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The stock has a market cap of $145.66 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.55 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HON shares. JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $248.29.

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.