Synergy Asset Management LLC Has $16.07 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Synergy Asset Management LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 93.2% in the fourth quarter, Holdings Channel reports. The fund owned 74,484 shares of the conglomerate’s stock after acquiring an additional 35,932 shares during the period. Honeywell International accounts for 1.2% of Synergy Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Synergy Asset Management LLC’s holdings in Honeywell International were worth $16,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new position in shares of Honeywell International during the 4th quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.2 %

HON stock opened at $221.05 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market capitalization of $143.74 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.56 and a beta of 1.06. The business has a fifty day moving average price of $226.17 and a 200 day moving average price of $214.98. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Barclays raised their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $248.29.

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.