Retirement Systems of Alabama Sells 211,569 Shares of Honeywell International Inc. (NASDAQ:HON)

Retirement Systems of Alabama lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 60.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,783 shares of the conglomerate’s stock after selling 211,569 shares during the period. Retirement Systems of Alabama’s holdings in Honeywell International were worth $31,801,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Czech National Bank boosted its stake in Honeywell International by 6.9% in the 3rd quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock worth $27,421,000 after purchasing an additional 8,563 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter worth about $227,000. Axiom Advisory LLC bought a new position in Honeywell International in the 3rd quarter worth about $233,000. Dynamic Advisor Solutions LLC boosted its stake in Honeywell International by 0.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,709 shares of the conglomerate’s stock worth $5,521,000 after purchasing an additional 95 shares in the last quarter. Finally, Reliant Investment Management LLC boosted its stake in Honeywell International by 29.2% in the 3rd quarter. Reliant Investment Management LLC now owns 1,327 shares of the conglomerate’s stock worth $274,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5 %

NASDAQ HON opened at $222.35 on Thursday. The stock’s 50-day moving average price is $225.61 and its 200-day moving average price is $215.18. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market capitalization of $144.58 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HON. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group reaffirmed a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $248.29.

Honeywell International 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.