RMR Wealth Builders Has $1.75 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

RMR Wealth Builders decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 7,731 shares of the conglomerate’s stock after selling 140 shares during the quarter. RMR Wealth Builders’ holdings in Honeywell International were worth $1,746,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. bought a new position in shares of Honeywell International during the 2nd quarter valued at approximately $1,864,000. E Fund Management Co. Ltd. increased its position in shares of Honeywell International by 1.5% during the second quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock valued at $1,398,000 after buying an additional 97 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Honeywell International by 9.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock worth $18,456,000 after acquiring an additional 7,668 shares during the period. Meiji Yasuda Life Insurance Co raised its position in shares of Honeywell International by 664.6% in the second quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock worth $8,249,000 after buying an additional 33,576 shares in the last quarter. Finally, Argent Trust Co raised its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock valued at $21,031,000 after acquiring an additional 335 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on HON. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lifted 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. Finally, Barclays cut their price target on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $247.93.

Honeywell International Price Performance

NASDAQ:HON opened at $219.54 on Thursday. The company has a market capitalization of $142.76 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06. The business’s 50-day moving average is $226.83 and its 200 day moving average is $214.27. 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.

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.