Sonora Investment Management Group LLC Has $7.77 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Sonora Investment Management Group LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,373 shares of the conglomerate’s stock after selling 587 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Honeywell International were worth $7,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP raised its stake in Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the period. Geode Capital Management LLC grew its position in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares during the period. Janus Henderson Group PLC increased its position in shares of Honeywell International by 7.2% during the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after acquiring an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after buying an additional 42,287 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $224.06 on Friday. The company has a 50-day moving average price of $226.05 and a 200 day moving average price of $215.02. 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 Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market cap of $145.70 billion, a PE ratio of 25.87, a P/E/G ratio of 2.56 and a beta of 1.06.

Analyst Ratings Changes

Several research analysts have recently weighed in on HON shares. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Barclays lifted their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $248.29.

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.