Beacon Investment Advisory Services Inc. Sells 6,737 Shares of Honeywell International Inc. (NASDAQ:HON)

Beacon Investment Advisory Services Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,746 shares of the conglomerate’s stock after selling 6,737 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Honeywell International were worth $19,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. RIA Advisory Group LLC acquired a new position in Honeywell International in the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. bought a new position in shares of Honeywell International during the third quarter worth about $454,000. EP Wealth Advisors LLC lifted its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company dropped their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Trading Down 0.9 %

Shares of HON opened at $223.09 on Thursday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The business has a 50-day moving average of $226.63 and a 200 day moving average of $214.69. The firm has a market cap of $145.06 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.58 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

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.