Janney Capital Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,348 shares of the conglomerate's stock after selling 2,843 shares during the period. Janney Capital Management LLC's holdings in Honeywell International were worth $12,503,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the 3rd quarter worth $25,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter worth about $29,000. Financial Avengers Inc. grew its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp grew its stake 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 purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Shares of Honeywell International stock opened at $224.01 on Wednesday. The business's fifty day moving average price is $226.83 and its two-hundred day moving average price is $214.63. 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 has a market capitalization of $145.66 billion, a P/E ratio of 25.85, a PEG ratio of 2.55 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.
HON has been the subject of several research reports. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Royal Bank of Canada reissued a "sector perform" rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $248.29.
Read Our Latest Stock Analysis on 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.
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