Novare Capital Management LLC Sells 585 Shares of Honeywell International Inc. (NASDAQ:HON)

Novare Capital Management LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 58,241 shares of the conglomerate’s stock after selling 585 shares during the quarter. Honeywell International accounts for 1.1% of Novare Capital Management LLC’s holdings, making the stock its 27th largest position. Novare Capital Management LLC’s holdings in Honeywell International were worth $13,156,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at $29,000. Hoese & Co LLP purchased a new position in Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% in 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 during 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 purchasing an additional 81 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 1.8 %

HON stock opened at $221.51 on Friday. The stock has a market capitalization of $144.04 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The business has a fifty day moving average price of $226.38 and a 200-day moving average price of $214.83.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $248.29.

About Honeywell International

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.