Montgomery Investment Management Inc. Sells 500 Shares of Honeywell International Inc. (NASDAQ:HON)

Montgomery Investment Management Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,900 shares of the conglomerate’s stock after selling 500 shares during the period. Montgomery Investment Management Inc.’s holdings in Honeywell International were worth $655,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC grew its stake in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Janus Henderson Group PLC grew its stake in Honeywell International by 7.2% during the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after acquiring an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after acquiring an additional 42,287 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Price Performance

Honeywell International stock opened at $223.55 on Wednesday. The firm has a market capitalization of $145.36 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a fifty day simple moving average of $225.75 and a 200-day simple moving average of $215.12. 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.