Miles Capital Inc. reduced its position in Honeywell International Inc. (NYSE:HON) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,233 shares of the conglomerate’s stock after selling 228 shares during the quarter. Honeywell International comprises approximately 1.0% of Miles Capital Inc.’s investment portfolio, making the stock its 19th biggest holding. Miles Capital Inc.’s holdings in Honeywell International were worth $1,280,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. SFE Investment Counsel lifted its stake in shares of Honeywell International by 2.5% during the fourth quarter. SFE Investment Counsel now owns 10,293 shares of the conglomerate’s stock worth $1,822,000 after buying an additional 250 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its position in Honeywell International by 6.6% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,524 shares of the conglomerate’s stock worth $3,633,000 after acquiring an additional 1,263 shares during the period. Bridger Capital Management LLC lifted its position in Honeywell International by 2.6% during the 4th quarter. Bridger Capital Management LLC now owns 5,856 shares of the conglomerate’s stock worth $1,033,000 after acquiring an additional 151 shares during the period. First National Bank of Omaha lifted its position in Honeywell International by 3.0% during the 4th quarter. First National Bank of Omaha now owns 26,372 shares of the conglomerate’s stock worth $4,668,000 after acquiring an additional 780 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in Honeywell International by 3.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 34,414 shares of the conglomerate’s stock valued at $6,091,000 after purchasing an additional 1,206 shares during the last quarter. 75.68% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on HON shares. Cowen set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America lifted their target price on Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $191.00 target price on shares of Honeywell International in a research report on Wednesday, December 18th. Deutsche Bank increased their price target on shares of Honeywell International from $189.00 to $199.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, William Blair reissued a “hold” rating on shares of Honeywell International in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $191.42.
HON stock traded down $0.46 during midday trading on Tuesday, hitting $182.77. 330,988 shares of the stock traded hands, compared to its average volume of 1,950,219. The firm has a market cap of $130.92 billion, a P/E ratio of 21.35, a PEG ratio of 2.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $177.55 and its 200-day simple moving average is $172.10. Honeywell International Inc. has a 1-year low of $138.70 and a 1-year high of $184.06.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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