abrdn plc Sells 26,607 Shares of Honeywell International Inc. (NASDAQ:HON)

abrdn plc cut its position in Honeywell International Inc. (NASDAQ:HON) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,615 shares of the conglomerate’s stock after selling 26,607 shares during the quarter. abrdn plc’s holdings in Honeywell International were worth $66,893,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter worth approximately $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the fourth quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter valued at $29,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the 3rd 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. Finally, Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% in the 3rd 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. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON opened at $223.55 on Wednesday. The company has a fifty day moving average price of $225.75 and a 200-day moving average price of $215.12. The firm has a market cap of $145.36 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Barclays lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. 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 data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus 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.