Grassi Investment Management Sells 723 Shares of Honeywell International Inc. (NASDAQ:HON)

Grassi Investment Management cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.2% during the 4th quarter, Holdings Channel reports. The fund owned 60,246 shares of the conglomerate’s stock after selling 723 shares during the period. Honeywell International comprises 1.2% of Grassi Investment Management’s portfolio, making the stock its 22nd biggest holding. Grassi Investment Management’s holdings in Honeywell International were worth $13,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RIA Advisory Group LLC bought a new stake in Honeywell International during the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. bought a new stake in shares of Honeywell International during the 3rd quarter valued at $454,000. EP Wealth Advisors LLC lifted its stake in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Honeywell International by 2.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.6 %

NASDAQ:HON traded up $1.32 during mid-day trading on Monday, reaching $219.51. The company’s stock had a trading volume of 3,439,274 shares, compared to its average volume of 3,069,918. 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 has a market capitalization of $142.74 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The stock has a fifty day moving average of $226.40 and a 200-day moving average of $214.20. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Analyst Ratings Changes

A number of brokerages have issued reports on HON. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Eleven 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $248.07.

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.