Wallington Asset Management LLC Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Wallington Asset Management LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,856 shares of the conglomerate’s stock after selling 575 shares during the quarter. Honeywell International accounts for 2.8% of Wallington Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Wallington Asset Management LLC’s holdings in Honeywell International were worth $19,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in HON. 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 acquired a new position in Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.0 %

Shares of NASDAQ:HON opened at $222.58 on Friday. The company has a 50 day moving average of $227.00 and a two-hundred day moving average of $214.36. The company has a market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a 52-week low of $189.66 and a 52-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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered 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 report on Wednesday. Finally, Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $248.29.

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.