Perkins Coie Trust Co Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Perkins Coie Trust Co trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,224 shares of the conglomerate’s stock after selling 273 shares during the quarter. Perkins Coie Trust Co’s holdings in Honeywell International were worth $4,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HON. Benjamin F. Edwards & Company Inc. boosted its holdings in Honeywell International by 17.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock worth $4,009,000 after acquiring an additional 2,734 shares in the last quarter. Callan Capital LLC raised its position in shares of Honeywell International by 6.4% in the 2nd quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock valued at $474,000 after purchasing an additional 134 shares during the last quarter. AE Wealth Management LLC boosted its stake in Honeywell International by 16.4% in the 2nd quarter. AE Wealth Management LLC now owns 88,985 shares of the conglomerate’s stock worth $19,002,000 after purchasing an additional 12,530 shares in the last quarter. Sei Investments Co. grew its position in Honeywell International by 12.3% during the 2nd quarter. Sei Investments Co. now owns 407,956 shares of the conglomerate’s stock worth $87,114,000 after purchasing an additional 44,644 shares during the last quarter. Finally, Capstone Triton Financial Group LLC increased its stake in Honeywell International by 15.3% during the 2nd quarter. Capstone Triton Financial Group LLC now owns 3,309 shares of the conglomerate’s stock valued at $707,000 after purchasing an additional 439 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. 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. JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup decreased their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

NASDAQ:HON opened at $222.58 on Friday. The stock has a market capitalization of $144.73 billion, a PE ratio of 25.70, a price-to-earnings-growth 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 stock’s 50-day moving average price is $227.06 and its 200-day moving average price is $214.44.

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.