Robocap Asset Management Ltd Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Robocap Asset Management Ltd reduced its position in Honeywell International Inc. (NASDAQ:HON) by 27.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,056 shares of the conglomerate’s stock after selling 4,556 shares during the quarter. Honeywell International accounts for approximately 1.8% of Robocap Asset Management Ltd’s holdings, making the stock its 20th biggest holding. Robocap Asset Management Ltd’s holdings in Honeywell International were worth $2,723,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter worth about $29,000. Financial Avengers Inc. boosted its position in 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 buying an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $205.52 on Friday. The firm’s 50-day moving average price is $225.07 and its 200-day moving average price is $215.19. The company has a market cap of $133.64 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. As a group, equities analysts anticipate that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. The Goldman Sachs Group increased their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.86.

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.