Calamos Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 37.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 201,404 shares of the conglomerate’s stock after selling 122,774 shares during the period. Calamos Advisors LLC’s holdings in Honeywell International were worth $45,495,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter worth $30,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Financial Avengers Inc. raised its holdings in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on HON. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. 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 report on Wednesday, December 11th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group raised their target price 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. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.29.
Honeywell International Price Performance
Shares of NASDAQ:HON opened at $222.41 on Tuesday. The firm has a market cap of $144.62 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The business has a fifty day simple moving average of $225.91 and a 200 day simple moving average of $215.08.
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.
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