Baron Wealth Management LLC Has $364,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Baron Wealth Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,609 shares of the conglomerate’s stock after purchasing an additional 228 shares during the quarter. Baron Wealth Management LLC’s holdings in Honeywell International were worth $364,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the 3rd quarter valued at $25,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. grew its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp increased its stake 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 during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays increased their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $221.05 on Thursday. The business’s fifty day moving average is $226.17 and its 200 day moving average is $214.98. The firm has a market cap of $143.74 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.56 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

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.