New Century Financial Group LLC cut its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 65.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,929 shares of the conglomerate’s stock after selling 5,671 shares during the period. New Century Financial Group LLC’s holdings in Honeywell International were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the 4th quarter worth about $30,000. Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% during 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 last quarter. Finally, Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Wells Fargo & Company dropped their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Barclays raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $248.29.
Honeywell International Stock Up 1.2 %
Shares of NASDAQ:HON opened at $225.66 on Friday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. 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’s 50-day simple moving average is $226.63 and its 200-day simple moving average is $214.69. The company has a market cap of $146.73 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.58 and a beta of 1.06.
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.
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