Sovereign Financial Group Inc. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Sovereign Financial Group Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,973 shares of the conglomerate’s stock after selling 52 shares during the period. Sovereign Financial Group Inc.’s holdings in Honeywell International were worth $446,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.5 %

NASDAQ HON opened at $219.54 on Thursday. 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 business’s fifty day simple moving average is $226.83 and its 200-day simple moving average is $214.27. The firm has a market cap of $142.76 billion, a PE ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HON shares. Barclays reduced their target price on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Citigroup reduced their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company reduced their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Eleven investment 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, Honeywell International currently has an average rating of “Hold” and a consensus price target of $247.93.

Honeywell International Company 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.