Sippican Capital Advisors Has $470,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Sippican Capital Advisors trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,081 shares of the conglomerate’s stock after selling 215 shares during the period. Sippican Capital Advisors’ holdings in Honeywell International were worth $470,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Dana Investment Advisors Inc. increased its stake in Honeywell International by 3.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 12,969 shares of the conglomerate’s stock valued at $2,769,000 after buying an additional 439 shares during the last quarter. Farmers National Bank grew its holdings in shares of Honeywell International by 0.7% in the 2nd quarter. Farmers National Bank now owns 28,414 shares of the conglomerate’s stock valued at $6,068,000 after acquiring an additional 205 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $34,283,000. Heritage Wealth Management Inc. bought a new stake in Honeywell International during the second quarter worth about $982,000. Finally, Summit Wealth Partners LLC boosted its position in Honeywell International by 7.0% during the second quarter. Summit Wealth Partners LLC now owns 1,533 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 100 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Barclays lifted their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

NASDAQ HON opened at $221.05 on Thursday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a 50-day moving average price of $226.17 and a two-hundred day moving average price of $214.98. The company has a market capitalization of $143.74 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.56 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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.