Canandaigua National Bank & Trust Co. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Canandaigua National Bank & Trust Co. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 20.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,281 shares of the conglomerate’s stock after selling 2,986 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Honeywell International were worth $2,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HON. Insight Wealth Strategies LLC increased its stake in Honeywell International by 3.4% during the 4th quarter. Insight Wealth Strategies LLC now owns 9,180 shares of the conglomerate’s stock worth $2,074,000 after buying an additional 303 shares in the last quarter. Iowa State Bank increased its position in shares of Honeywell International by 1.4% during the fourth quarter. Iowa State Bank now owns 7,937 shares of the conglomerate’s stock worth $1,793,000 after purchasing an additional 106 shares in the last quarter. First Citizens Financial Corp raised its stake in Honeywell International by 3.9% in the 4th quarter. First Citizens Financial Corp now owns 1,975 shares of the conglomerate’s stock valued at $446,000 after purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Honeywell International by 10.8% in the 4th quarter. GAMMA Investing LLC now owns 6,319 shares of the conglomerate’s stock valued at $1,427,000 after purchasing an additional 616 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Honeywell International by 5.1% during the 4th quarter. Versant Capital Management Inc now owns 3,353 shares of the conglomerate’s stock worth $757,000 after purchasing an additional 162 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 equities research analysts have recently commented on HON shares. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Barclays upped their target price on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $249.57.

Honeywell International Stock Down 2.1 %

NASDAQ HON traded down $4.78 during trading hours on Monday, hitting $221.74. 3,823,836 shares of the company were exchanged, compared to its average volume of 2,303,277. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $144.19 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.85 and a beta of 1.06. The company has a 50 day moving average of $225.01 and a two-hundred day moving average of $214.00. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

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.