Stonegate Investment Group LLC Sells 2,539 Shares of Honeywell International Inc. $HON

Stonegate Investment Group LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,040 shares of the conglomerate’s stock after selling 2,539 shares during the quarter. Honeywell International accounts for about 1.5% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 25th biggest position. Stonegate Investment Group LLC’s holdings in Honeywell International were worth $64,211,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the period. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at $33,000. Activest Wealth Management grew its position in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Howard Hughes Medical Institute bought a new stake in Honeywell International in the second quarter valued at $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HON. Robert W. Baird reduced their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Monday, January 5th. BNP Paribas Exane upgraded shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Finally, DZ Bank cut their target price on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $237.67.

Honeywell International Trading Down 0.1%

HON opened at $221.16 on Tuesday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The stock has a market capitalization of $140.41 billion, a PE ratio of 23.30, a PEG ratio of 2.43 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average price of $199.83 and a two-hundred day moving average price of $209.04.

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.