Beacon Investment Advisory Services Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Beacon Investment Advisory Services Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 7.2% in the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HON. Bill Few Associates Inc. increased its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares during the period. Mutual Advisors LLC grew its position in Honeywell International by 10.2% during the fourth quarter. Mutual Advisors LLC now owns 8,464 shares of the conglomerate’s stock worth $1,885,000 after buying an additional 785 shares in the last quarter. True North Advisors LLC increased its stake in Honeywell International by 14.5% in the 4th quarter. True North Advisors LLC now owns 3,279 shares of the conglomerate’s stock worth $741,000 after acquiring an additional 414 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in shares of Honeywell International by 2.7% in the 4th quarter. Independent Wealth Network Inc. now owns 4,035 shares of the conglomerate’s stock valued at $911,000 after acquiring an additional 107 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Honeywell International by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 286,354 shares of the conglomerate’s stock valued at $64,685,000 after acquiring an additional 12,350 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 0.9 %

NASDAQ:HON opened at $223.09 on Thursday. The firm has a market capitalization of $145.06 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.58 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $226.63 and a 200 day moving average of $214.69.

Honeywell International Company 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.