Cibc World Market Inc. Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Cibc World Market Inc. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 320.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 858,336 shares of the conglomerate’s stock after acquiring an additional 654,207 shares during the period. Cibc World Market Inc.’s holdings in Honeywell International were worth $193,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HON. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the 3rd quarter valued at $25,000. Hoese & Co LLP acquired a new position in shares of Honeywell International during the 4th quarter worth $30,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at about $29,000. Financial Avengers Inc. raised its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its holdings 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 period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. The Goldman Sachs Group upped their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Citigroup lowered their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Trading Up 1.4 %

HON stock opened at $224.06 on Friday. The company has a market cap of $145.70 billion, a P/E ratio of 25.87, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $226.05 and a 200-day moving average of $215.02.

Honeywell International Company 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.