Hartford Investment Management Co. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Hartford Investment Management Co. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,152 shares of the conglomerate’s stock after selling 776 shares during the period. Hartford Investment Management Co.’s holdings in Honeywell International were worth $9,070,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Beacon Financial Group boosted its stake in shares of Honeywell International by 64.5% during the 4th quarter. Beacon Financial Group now owns 2,464 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 966 shares during the period. Signet Investment Advisory Group Inc. boosted its stake in shares of Honeywell International by 50.2% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 24,925 shares of the conglomerate’s stock worth $5,630,000 after purchasing an additional 8,328 shares during the period. TCV Trust & Wealth Management Inc. boosted its stake in shares of Honeywell International by 35.7% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 2,826 shares of the conglomerate’s stock worth $638,000 after purchasing an additional 744 shares during the period. Schear Investment Advisers LLC boosted its position in Honeywell International by 0.8% in the 4th quarter. Schear Investment Advisers LLC now owns 6,768 shares of the conglomerate’s stock valued at $1,529,000 after buying an additional 56 shares during the period. Finally, Portfolio Design Labs LLC boosted its position in Honeywell International by 52.1% in the 4th quarter. Portfolio Design Labs LLC now owns 18,083 shares of the conglomerate’s stock valued at $4,085,000 after buying an additional 6,196 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Down 0.8 %

NASDAQ HON opened at $206.94 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $134.56 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a 50 day moving average price of $224.09 and a 200 day moving average price of $215.15. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International 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.