Spinnaker Investment Group LLC Invests $701,000 in Honeywell International Inc. (NASDAQ:HON)

Spinnaker Investment Group LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,104 shares of the conglomerate’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Public Sector Pension Investment Board raised its position in Honeywell International by 70.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 24,908 shares of the conglomerate’s stock worth $5,319,000 after purchasing an additional 10,252 shares during the last quarter. Marshall Wace LLP raised its position in shares of Honeywell International by 1.2% during the second quarter. Marshall Wace LLP now owns 181,340 shares of the conglomerate’s stock worth $38,723,000 after acquiring an additional 2,101 shares during the last quarter. AXA S.A. lifted its stake in shares of Honeywell International by 6.1% in the second quarter. AXA S.A. now owns 155,975 shares of the conglomerate’s stock worth $33,307,000 after acquiring an additional 9,032 shares during the period. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Honeywell International during the 2nd quarter valued at approximately $59,920,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Price Performance

HON stock opened at $225.66 on Friday. The company has a market capitalization of $146.73 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.58 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 business has a 50-day simple moving average of $226.63 and a two-hundred day simple moving average of $214.69. 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 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.