Carderock Capital Management Inc. Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Carderock Capital Management Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,734 shares of the conglomerate’s stock after selling 101 shares during the quarter. Carderock Capital Management Inc.’s holdings in Honeywell International were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RIA Advisory Group LLC bought a new position in Honeywell International during the 3rd quarter worth about $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International during the third quarter valued at approximately $454,000. EP Wealth Advisors LLC raised its stake in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC boosted its position in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after acquiring an additional 52,830 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.0 %

HON stock opened at $222.58 on Friday. The firm has a market cap of $144.73 billion, a P/E ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. 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 company’s 50-day simple moving average is $227.00 and its 200-day simple moving average is $214.36.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Citigroup reduced their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Eleven 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $248.29.

About 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.