TFC Financial Management Inc. Has $125,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

TFC Financial Management Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 553 shares of the conglomerate’s stock after selling 123 shares during the period. TFC Financial Management Inc.’s holdings in Honeywell International were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA grew its holdings in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $3,092,000. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. acquired a new stake in shares of Honeywell International during the 3rd quarter worth approximately $454,000. Finally, Sargent Investment Group LLC grew its holdings in shares of Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after purchasing an additional 4,082 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Trading Down 0.9 %

HON stock opened at $205.01 on Thursday. The company has a market cap of $133.31 billion, a P/E ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $223.69 and a 200-day moving average of $215.18.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities research analysts expect that Honeywell International Inc. will post 10.3 EPS for the current year.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

About Honeywell International

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.