Farmers Trust Co. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,594 shares of the conglomerate’s stock after selling 1,161 shares during the quarter. Honeywell International comprises about 1.5% of Farmers Trust Co.’s investment portfolio, making the stock its 11th biggest holding. Farmers Trust Co.’s holdings in Honeywell International were worth $7,814,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HON. Los Angeles Capital Management LLC increased its holdings in shares of Honeywell International by 13.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,463 shares of the conglomerate’s stock worth $5,010,000 after buying an additional 2,869 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth about $330,000. Acadian Asset Management LLC grew its holdings in shares of Honeywell International by 36.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after purchasing an additional 1,575 shares during the period. Choreo LLC increased its position in Honeywell International by 255.3% during the 2nd quarter. Choreo LLC now owns 28,989 shares of the conglomerate’s stock worth $6,124,000 after purchasing an additional 20,830 shares in the last quarter. Finally, LGT Fund Management Co Ltd. acquired a new position in Honeywell International during the second quarter valued at approximately $562,000. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
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 company a “buy” rating in a research note on Thursday, December 12th. Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $248.21.
Honeywell International Stock Performance
NASDAQ HON traded down $0.60 during trading hours on Wednesday, reaching $220.03. The company’s stock had a trading volume of 1,414,362 shares, compared to its average volume of 2,577,097. The stock has a market cap of $143.07 billion, a PE ratio of 25.41, a PEG ratio of 2.85 and a beta of 1.06. The business has a 50-day simple moving average of $225.61 and a 200 day simple moving average of $214.10. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 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.
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