RNC Capital Management LLC Sells 845 Shares of Honeywell International Inc. (NASDAQ:HON)

RNC Capital Management LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,276 shares of the conglomerate’s stock after selling 845 shares during the period. RNC Capital Management LLC’s holdings in Honeywell International were worth $6,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. ZWJ Investment Counsel Inc. grew its position in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its position in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after acquiring an additional 48 shares in the last quarter. Absher Wealth Management LLC grew its position in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares in the last quarter. Finally, Bill Few Associates Inc. grew its position in Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 5.6 %

NASDAQ:HON opened at $209.82 on Friday. The company’s 50 day moving average price is $225.46 and its 200-day moving average price is $215.23. Honeywell International Inc. has a 52 week low of $189.75 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. The stock has a market cap of $136.44 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. On average, equities research analysts forecast that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Bank of America upped 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 raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.