Wealth Effects LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Wealth Effects LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,447 shares of the conglomerate’s stock after selling 265 shares during the quarter. Wealth Effects LLC’s holdings in Honeywell International were worth $327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the third quarter worth about $25,000. Hoese & Co LLP bought a new position in Honeywell International during the fourth quarter worth $30,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter worth $29,000. Financial Avengers Inc. raised its holdings in shares of 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 period. Finally, Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays increased their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their target price 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. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. UBS Group restated 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. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Eleven investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Up 1.9 %

NASDAQ HON opened at $225.77 on Tuesday. The company has a market capitalization of $146.80 billion, a P/E ratio of 26.07, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month 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. The company’s 50 day simple moving average is $226.38 and its 200 day simple moving average is $214.86.

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.