Raleigh Capital Management Inc. Sells 280 Shares of Honeywell International Inc. (NASDAQ:HON)

Raleigh Capital Management Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 54.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236 shares of the conglomerate’s stock after selling 280 shares during the period. Raleigh Capital Management Inc.’s holdings in Honeywell International were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the 3rd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth $29,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Financial Avengers Inc. boosted 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 during the last quarter. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HON. UBS Group reissued a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Up 1.2 %

Shares of HON stock opened at $225.66 on Friday. The stock has a market capitalization of $146.73 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.58 and a beta of 1.06. The company’s fifty day simple moving average is $226.63 and its two-hundred day simple moving average is $214.69. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.