Capital Investment Advisors LLC Buys 6,582 Shares of Honeywell International Inc. (NASDAQ:HON)

Capital Investment Advisors LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,493 shares of the conglomerate’s stock after purchasing an additional 6,582 shares during the period. Capital Investment Advisors LLC’s holdings in Honeywell International were worth $27,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter worth approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the 3rd 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. Finally, Western Pacific Wealth Management LP bought a new position in shares of Honeywell International in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HON. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $248.21.

Honeywell International Price Performance

Shares of HON traded up $1.02 during trading hours on Monday, reaching $219.21. 450,360 shares of the stock traded hands, compared to its average volume of 2,663,021. The company’s 50-day moving average price is $226.40 and its two-hundred day moving average price is $214.20. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a market cap of $142.54 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.85 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.

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.