Honeywell International Inc. (NASDAQ:HON) Position Increased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,341 shares of the conglomerate’s stock after buying an additional 4,320 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Honeywell International were worth $15,212,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth about $29,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp boosted its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the third quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HON shares. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $248.07.

Honeywell International Stock Performance

Honeywell International stock traded up $0.91 during trading hours on Monday, reaching $219.10. 5,355,099 shares of the company were exchanged, compared to its average volume of 3,375,650. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market cap of $142.47 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.85 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $226.40 and a 200 day moving average of $214.20.

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.