Sumitomo Mitsui DS Asset Management Company Ltd Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 285,467 shares of the conglomerate’s stock after selling 3,029 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Honeywell International were worth $64,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter valued at $29,000. Hoese & Co LLP bought a new position in Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 5.6 %

NASDAQ HON opened at $209.82 on Friday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a 50 day moving average price of $225.46 and a 200 day moving average price of $215.23. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $136.44 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Barclays increased their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group increased their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International 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.