Certuity LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Certuity LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002 shares of the conglomerate’s stock after selling 1,991 shares during the quarter. Certuity LLC’s holdings in Honeywell International were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Beacon Financial Group boosted its holdings in Honeywell International by 64.5% during the fourth quarter. Beacon Financial Group now owns 2,464 shares of the conglomerate’s stock worth $557,000 after buying an additional 966 shares in the last quarter. Signet Investment Advisory Group Inc. lifted its position in shares of Honeywell International by 50.2% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 24,925 shares of the conglomerate’s stock valued at $5,630,000 after acquiring an additional 8,328 shares during the period. TCV Trust & Wealth Management Inc. boosted its stake in shares of Honeywell International by 35.7% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 2,826 shares of the conglomerate’s stock worth $638,000 after acquiring an additional 744 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in shares of Honeywell International by 0.8% in the 4th quarter. Schear Investment Advisers LLC now owns 6,768 shares of the conglomerate’s stock worth $1,529,000 after acquiring an additional 56 shares during the period. Finally, Portfolio Design Labs LLC increased its stake in Honeywell International by 52.1% in the 4th quarter. Portfolio Design Labs LLC now owns 18,083 shares of the conglomerate’s stock valued at $4,085,000 after purchasing an additional 6,196 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several research reports. Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a 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 on the stock in a research note on Wednesday, December 11th. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ:HON opened at $205.01 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The firm has a market cap of $133.31 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.55 and a beta of 1.05. The stock’s 50-day moving average price is $223.69 and its two-hundred day moving average price is $215.18. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, research analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current year.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.