Grimes & Company Inc. Has $1.70 Million Position in Honeywell International Inc. (NASDAQ:HON)

Grimes & Company Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Honeywell International by 146.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate’s stock worth $127,826,000 after acquiring an additional 336,296 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Honeywell International stock opened at $221.51 on Friday. The stock has a market capitalization of $144.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock’s 50 day moving average price is $226.38 and its two-hundred day moving average price is $214.83.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Eleven investment 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. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International 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.