Welch Group LLC Has $1.68 Million Position in Honeywell International Inc. (NASDAQ:HON)

Welch Group LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,405 shares of the conglomerate’s stock after buying an additional 352 shares during the period. Welch Group LLC’s holdings in Honeywell International were worth $1,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank raised its holdings in Honeywell International by 6.9% in the third quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock worth $27,421,000 after purchasing an additional 8,563 shares during the period. GAMMA Investing LLC increased its stake in Honeywell International by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 5,703 shares of the conglomerate’s stock worth $1,179,000 after purchasing an additional 1,496 shares in the last quarter. Diversified Trust Co lifted its stake in Honeywell International by 6.8% in the third quarter. Diversified Trust Co now owns 14,463 shares of the conglomerate’s stock valued at $2,990,000 after buying an additional 915 shares in the last quarter. IAM Advisory LLC boosted its holdings in shares of Honeywell International by 2.3% in the third quarter. IAM Advisory LLC now owns 9,964 shares of the conglomerate’s stock valued at $2,060,000 after buying an additional 223 shares during the period. Finally, Value Partners Investments Inc. increased its position in shares of Honeywell International by 8.8% during the third quarter. Value Partners Investments Inc. now owns 3,544 shares of the conglomerate’s stock worth $733,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. 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. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 0.6 %

HON stock opened at $222.41 on Tuesday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $144.62 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a fifty day moving average price of $225.91 and a two-hundred day moving average price of $215.08. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.