Ellsworth Advisors LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Ellsworth Advisors LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,964 shares of the conglomerate’s stock after purchasing an additional 237 shares during the period. Ellsworth Advisors LLC’s holdings in Honeywell International were worth $2,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth $6,124,000. Copley Financial Group Inc. acquired a new stake in Honeywell International in the third quarter valued at about $454,000. EP Wealth Advisors LLC boosted its holdings in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HON shares. Citigroup decreased 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. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

Honeywell International stock opened at $222.58 on Monday. The stock has a fifty day moving average price of $227.06 and a 200 day moving average price of $214.45. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The firm has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06.

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.