Schmidt P J Investment Management Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Schmidt P J Investment Management Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,401 shares of the conglomerate’s stock after selling 1,391 shares during the quarter. Honeywell International comprises approximately 1.2% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 27th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Honeywell International were worth $6,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter worth about $25,000. Hoese & Co LLP purchased a new stake in Honeywell International in the fourth quarter worth approximately $30,000. Reston Wealth Management LLC bought a new position in Honeywell International during the third quarter valued at approximately $29,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake 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 purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Robert W. Baird cut 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 report on Friday, October 25th. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Eleven investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

Shares of HON stock opened at $222.35 on Thursday. 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 has a market cap of $144.58 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.57 and a beta of 1.05. The business’s fifty day moving average is $225.61 and its 200 day moving average is $215.18. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

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.