Ledyard National Bank Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Ledyard National Bank lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,045 shares of the conglomerate’s stock after selling 2,697 shares during the period. Ledyard National Bank’s holdings in Honeywell International were worth $7,916,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA grew its stake in Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares in the last quarter. Costello Asset Management INC bought a new position in Honeywell International in the fourth quarter worth approximately $3,092,000. RIA Advisory Group LLC purchased a new position in Honeywell International during the 3rd quarter worth $6,124,000. Copley Financial Group Inc. bought a new stake in Honeywell International during the 3rd quarter valued at $454,000. Finally, Sargent Investment Group LLC lifted its holdings in shares of Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after buying an additional 4,082 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HON shares. UBS Group restated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Performance

HON opened at $209.82 on Friday. The company has a market cap of $136.44 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. 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’s 50-day moving average price is $225.46 and its 200-day moving average price is $215.23. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Honeywell International Inc. will post 9.78 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.