International Assets Investment Management LLC Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

International Assets Investment Management LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 89.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,908 shares of the conglomerate’s stock after selling 844,796 shares during the period. Honeywell International makes up 1.1% of International Assets Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. International Assets Investment Management LLC’s holdings in Honeywell International were worth $23,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Absher Wealth Management LLC boosted its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the period. ZRC Wealth Management LLC boosted its position in Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC grew its stake in shares of Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares in the last quarter. Jacobsen Capital Management increased its holdings in Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after purchasing an additional 50 shares during the period. Finally, Mengis Capital Management Inc. raised its holdings in Honeywell International by 0.4% in the third quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HON shares. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price target 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $248.21.

Honeywell International Stock Performance

Honeywell International stock traded down $0.80 during mid-day trading on Wednesday, reaching $219.83. The company’s stock had a trading volume of 252,002 shares, compared to its average volume of 2,344,424. 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 twelve month low of $189.66 and a twelve month high of $242.77. The business has a 50 day moving average price of $225.61 and a 200-day moving average price of $214.10. The firm has a market cap of $142.94 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.85 and a beta of 1.06.

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.