Pine Haven Investment Counsel Inc Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Pine Haven Investment Counsel Inc lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,185 shares of the conglomerate’s stock after selling 260 shares during the quarter. Pine Haven Investment Counsel Inc’s holdings in Honeywell International were worth $268,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HON. Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the period. ZRC Wealth Management LLC grew its holdings in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares in the last quarter. CFM Wealth Partners LLC increased its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares during the period. Jacobsen Capital Management lifted its holdings in Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after buying an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its position in Honeywell International by 0.4% in the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HON shares. Citigroup reduced their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 0.0 %

Shares of NASDAQ HON opened at $222.58 on Monday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.40 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’s 50 day simple moving average is $227.06 and its 200 day simple moving average is $214.45.

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.