Lake Street Private Wealth LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Lake Street Private Wealth LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,667 shares of the conglomerate’s stock after selling 904 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Honeywell International were worth $1,732,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HON. Edgestream Partners L.P. purchased a new position in shares of Honeywell International during the second quarter worth about $1,864,000. Brighton Jones LLC grew its stake in shares of Honeywell International by 0.6% in the 2nd quarter. Brighton Jones LLC now owns 17,919 shares of the conglomerate’s stock valued at $3,826,000 after purchasing an additional 109 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Honeywell International by 9.5% in the second quarter. Ieq Capital LLC now owns 48,216 shares of the conglomerate’s stock valued at $10,296,000 after purchasing an additional 4,187 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Honeywell International by 17.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock worth $4,009,000 after purchasing an additional 2,734 shares during the last quarter. Finally, Callan Capital LLC lifted its holdings in shares of Honeywell International by 6.4% during the second quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock worth $474,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their target price 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 Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $248.29.

Honeywell International Price Performance

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

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.