Moseley Investment Management Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,099 shares of the conglomerate’s stock after selling 319 shares during the quarter. Honeywell International accounts for approximately 0.8% of Moseley Investment Management Inc.’s holdings, making the stock its 26th biggest holding. Moseley Investment Management Inc.’s holdings in Honeywell International were worth $2,055,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth about $29,000. Financial Avengers Inc. raised 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 valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp raised its stake 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 purchasing an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of Honeywell International during the third quarter worth about $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HON has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.07.
Honeywell International Price Performance
NASDAQ HON opened at $218.50 on Wednesday. The company has a 50-day moving average price of $226.83 and a two-hundred day moving average price of $214.27. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a market cap of $142.08 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth 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.
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.
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