Fifth Third Bancorp Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Fifth Third Bancorp lessened its position in Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 532,045 shares of the conglomerate’s stock after selling 12,896 shares during the quarter. Fifth Third Bancorp’s holdings in Honeywell International were worth $120,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HON. apricus wealth LLC lifted its stake in shares of Honeywell International by 7.8% in the fourth quarter. apricus wealth LLC now owns 3,155 shares of the conglomerate’s stock worth $713,000 after buying an additional 229 shares in the last quarter. Cottonwood Capital Advisors LLC raised its holdings in Honeywell International by 13.1% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 1,141 shares of the conglomerate’s stock valued at $258,000 after acquiring an additional 132 shares during the last quarter. McGuire Investment Group LLC lifted its stake in Honeywell International by 1.5% in the 4th quarter. McGuire Investment Group LLC now owns 27,896 shares of the conglomerate’s stock worth $6,301,000 after purchasing an additional 418 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Honeywell International by 199.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,084 shares of the conglomerate’s stock worth $3,181,000 after purchasing an additional 9,373 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $529,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HON shares. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Eleven 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. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Trading Down 1.8 %

NASDAQ:HON opened at $221.51 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The stock has a market cap of $144.04 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06. The stock has a 50-day simple moving average of $226.53 and a 200-day simple moving average of $214.76.

About Honeywell International

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.