Bleakley Financial Group LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Bleakley Financial Group LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 4th quarter, Holdings Channel reports. The fund owned 23,773 shares of the conglomerate’s stock after selling 652 shares during the quarter. Bleakley Financial Group LLC’s holdings in Honeywell International were worth $5,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at about $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the fourth quarter worth about $30,000. Financial Avengers Inc. increased its position 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 acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp lifted its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HON shares. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Eleven investment 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, Honeywell International presently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Performance

Shares of HON opened at $222.35 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The stock has a 50 day moving average price of $225.61 and a 200 day moving average price of $215.18. The company has a market capitalization of $144.58 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

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.