StrongBox Wealth LLC Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

StrongBox Wealth LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 2.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,308 shares of the conglomerate’s stock after selling 250 shares during the quarter. StrongBox Wealth LLC’s holdings in Honeywell International were worth $2,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Edgestream Partners L.P. purchased a new position in Honeywell International in the 2nd quarter valued at about $1,864,000. E Fund Management Co. Ltd. lifted its stake in Honeywell International by 1.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock worth $1,398,000 after purchasing an additional 97 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Honeywell International by 9.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock worth $18,456,000 after purchasing an additional 7,668 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in Honeywell International by 664.6% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock worth $8,249,000 after purchasing an additional 33,576 shares in the last quarter. Finally, Argent Trust Co lifted its stake in Honeywell International by 0.3% in the 2nd quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock worth $21,031,000 after purchasing an additional 335 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.5 %

Honeywell International stock opened at $219.54 on Thursday. 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 debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a 50 day moving average price of $226.83 and a 200 day moving average price of $214.27. The company has a market capitalization of $142.76 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Eleven equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $247.93.

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.