Mirae Asset Global Investments Co. Ltd. Purchases 22,694 Shares of Honeywell International Inc. $HON

Mirae Asset Global Investments Co. Ltd. raised its position in Honeywell International Inc. (NASDAQ:HON) by 8.5% during the third quarter, Holdings Channel reports. The fund owned 289,220 shares of the conglomerate’s stock after acquiring an additional 22,694 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Honeywell International were worth $60,881,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HON. Retirement Planning Co of New England Inc. increased its holdings in Honeywell International by 3.6% during the third quarter. Retirement Planning Co of New England Inc. now owns 4,389 shares of the conglomerate’s stock valued at $924,000 after buying an additional 151 shares during the last quarter. Mystic Asset Management Inc. grew its position in shares of Honeywell International by 1.0% during the 3rd quarter. Mystic Asset Management Inc. now owns 10,202 shares of the conglomerate’s stock valued at $2,148,000 after acquiring an additional 98 shares during the period. Federated Hermes Inc. increased its stake in shares of Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 4,061 shares in the last quarter. Truist Financial Corp raised its holdings in Honeywell International by 31.3% in the 3rd quarter. Truist Financial Corp now owns 595,182 shares of the conglomerate’s stock worth $125,286,000 after purchasing an additional 141,778 shares during the period. Finally, EPG Wealth Management LLC lifted its position in Honeywell International by 8.6% during the third quarter. EPG Wealth Management LLC now owns 10,000 shares of the conglomerate’s stock valued at $2,105,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 1.9%

Shares of HON stock opened at $216.64 on Thursday. The stock’s 50-day moving average price is $200.95 and its 200-day moving average price is $208.99. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The stock has a market capitalization of $137.54 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Analyst Ratings Changes

A number of equities analysts have weighed in on HON shares. JPMorgan Chase & Co. upgraded shares of Honeywell International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $218.00 to $255.00 in a research report on Friday, January 16th. Royal Bank Of Canada decreased their price target on Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Monday, January 5th. Finally, Citigroup decreased their target price on Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.