SOA Wealth Advisors LLC. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

SOA Wealth Advisors LLC. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 650 shares of the conglomerate’s stock after selling 100 shares during the period. SOA Wealth Advisors LLC.’s holdings in Honeywell International were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Baldwin Wealth Partners LLC MA raised its holdings in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Honeywell International during the fourth quarter valued at about $3,092,000. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $6,124,000. Copley Financial Group Inc. bought a new stake in shares of Honeywell International in the third quarter worth about $454,000. Finally, Sargent Investment Group LLC increased its holdings in Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup dropped their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $205.52 on Friday. The stock has a market cap of $133.64 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm’s 50-day moving average is $225.07 and its 200 day moving average is $215.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

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.