Crescent Grove Advisors LLC Takes $277,000 Position in Honeywell International Inc. (NASDAQ:HON)

Crescent Grove Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,225 shares of the conglomerate’s stock, valued at approximately $277,000.

A number of other large investors also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. increased its position in shares of 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 buying an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 1.8 %

Shares of NASDAQ:HON opened at $221.51 on Monday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a market capitalization of $144.04 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a 50-day simple moving average of $226.38 and a 200 day simple moving average of $214.86. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Wall Street Analyst Weigh In

A number of research firms recently commented on HON. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $248.29.

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.