State of Alaska Department of Revenue Sells 2,590 Shares of Honeywell International Inc. (NASDAQ:HON)

State of Alaska Department of Revenue lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,137 shares of the conglomerate’s stock after selling 2,590 shares during the period. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $16,746,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter valued at $25,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the fourth quarter valued at $30,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth about $29,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $222.35 on Thursday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The stock has a fifty day moving average price of $225.61 and a 200-day moving average price of $215.18. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $144.58 billion, a PE ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. Equities research analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group restated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Barclays upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, 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 research report on Wednesday, December 11th. Eleven investment 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $248.29.

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.