MassMutual Private Wealth & Trust FSB Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

MassMutual Private Wealth & Trust FSB reduced its position in Honeywell International Inc. (NASDAQ:HON) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,345 shares of the conglomerate’s stock after selling 4,504 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Honeywell International were worth $23,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $29,000. Financial Avengers Inc. grew its holdings in shares of 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 buying an additional 50 shares during the last quarter. Planning Capital Management Corp grew its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $222.58 on Monday. The stock has a 50 day moving average of $227.06 and a two-hundred day moving average of $214.45. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market cap of $144.73 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HON shares. 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. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus 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.