Chemung Canal Trust Co. Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Chemung Canal Trust Co. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,355 shares of the conglomerate’s stock after selling 1,510 shares during the period. Honeywell International accounts for about 1.2% of Chemung Canal Trust Co.’s portfolio, making the stock its 27th largest position. Chemung Canal Trust Co.’s holdings in Honeywell International were worth $5,953,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HON. AXA S.A. raised its stake in shares of Honeywell International by 6.1% in the 2nd quarter. AXA S.A. now owns 155,975 shares of the conglomerate’s stock valued at $33,307,000 after acquiring an additional 9,032 shares during the period. Dark Forest Capital Management LP purchased a new stake in Honeywell International in the second quarter valued at approximately $466,000. MBB Public Markets I LLC lifted its stake in Honeywell International by 1,063.8% during the second quarter. MBB Public Markets I LLC now owns 45,832 shares of the conglomerate’s stock worth $9,787,000 after purchasing an additional 41,894 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the period. Finally, Horizon Advisory Services Inc. raised its holdings in shares of Honeywell International by 6.6% in the 2nd quarter. Horizon Advisory Services Inc. now owns 1,184 shares of the conglomerate’s stock valued at $253,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report 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. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 1.8 %

Shares of Honeywell International stock opened at $221.51 on Friday. 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 company has a fifty day simple moving average of $226.53 and a 200-day simple moving average of $214.76. The stock has a market cap of $144.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

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.