Vision Capital Management Inc. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Vision Capital Management Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,078 shares of the conglomerate’s stock after selling 4,010 shares during the quarter. Honeywell International accounts for approximately 1.2% of Vision Capital Management Inc.’s holdings, making the stock its 20th largest holding. Vision Capital Management Inc.’s holdings in Honeywell International were worth $8,376,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter valued at approximately $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the fourth quarter valued at approximately $30,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5 %

NASDAQ:HON opened at $222.35 on Thursday. The stock’s 50 day simple moving average is $225.61 and its 200-day simple moving average is $215.18. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a market cap of $144.58 billion, a P/E ratio of 25.68, a PEG ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Analyst Ratings Changes

A number of analysts have recently commented on HON shares. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, UBS Group reiterated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Eleven investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $248.29.

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.