Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,354 shares of the conglomerate’s stock after buying an additional 2,189 shares during the period. Red Door Wealth Management LLC’s holdings in Honeywell International were worth $6,405,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. RIA Advisory Group LLC purchased a new stake in Honeywell International during the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. acquired a new position in Honeywell International in the third quarter valued at approximately $454,000. EP Wealth Advisors LLC boosted its stake in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after acquiring an additional 52,830 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays boosted their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $225.66 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $226.63 and a 200-day simple moving average of $214.69. The company has a market cap of $146.73 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.58 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.