Edge Wealth Management LLC Sells 600 Shares of Honeywell International Inc. (NASDAQ:HON)

Edge Wealth Management LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,591 shares of the conglomerate’s stock after selling 600 shares during the period. Honeywell International accounts for about 2.5% of Edge Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Edge Wealth Management LLC’s holdings in Honeywell International were worth $12,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. increased its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in Honeywell International during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HON. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. 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 research report on Thursday, December 12th. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $247.93.

Honeywell International Trading Up 1.4 %

HON opened at $222.69 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market capitalization of $144.80 billion, a P/E ratio of 25.71, a PEG ratio of 2.40 and a beta of 1.06. The stock’s fifty day moving average is $226.89 and its two-hundred day moving average is $214.30. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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.