Encompass More Asset Management Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Encompass More Asset Management raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 17.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,280 shares of the conglomerate’s stock after acquiring an additional 337 shares during the period. Encompass More Asset Management’s holdings in Honeywell International were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. RIA Advisory Group LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth $6,124,000. Copley Financial Group Inc. purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $454,000. EP Wealth Advisors LLC lifted its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC increased its position in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wells Fargo & Company dropped 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 report on Tuesday, January 7th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Barclays lifted their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, HSBC upgraded 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. Eleven investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Trading Up 0.9 %

Shares of NASDAQ HON opened at $225.00 on Friday. The stock has a market cap of $146.30 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.56 and a beta of 1.06. The business has a 50 day simple moving average of $226.63 and a 200 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 Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

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.