Phoenix Financial Ltd. Has $860,000 Position in Honeywell International Inc. $HON

Phoenix Financial Ltd. lessened its position in Honeywell International Inc. (NASDAQ:HON) by 53.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,088 shares of the conglomerate’s stock after selling 4,735 shares during the period. Phoenix Financial Ltd.’s holdings in Honeywell International were worth $860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its holdings in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the period. Bank of Nova Scotia lifted its position in shares of Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after buying an additional 509,456 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $93,152,000. SG Americas Securities LLC increased its holdings in shares of Honeywell International by 357.2% during the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after acquiring an additional 382,152 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Honeywell International by 88.1% in the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after acquiring an additional 375,757 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. TD Cowen reduced their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. upgraded shares of Honeywell International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $218.00 to $255.00 in a research note on Friday, January 16th. Morgan Stanley lowered their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. HSBC cut their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.67.

Honeywell International Trading Down 0.1%

Shares of HON stock opened at $220.91 on Wednesday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The stock’s fifty day moving average price is $200.42 and its two-hundred day moving average price is $208.94. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market cap of $140.25 billion, a PE ratio of 23.28, a P/E/G ratio of 2.44 and a beta of 0.95.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.