Northeast Investment Management Sells 3,100 Shares of Honeywell International Inc. (NASDAQ:HON)

Northeast Investment Management lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 128,075 shares of the conglomerate’s stock after selling 3,100 shares during the period. Honeywell International comprises 1.3% of Northeast Investment Management’s holdings, making the stock its 24th biggest position. Northeast Investment Management’s holdings in Honeywell International were worth $28,931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares in the last quarter. Costello Asset Management INC acquired a new position in Honeywell International during the 4th quarter valued at about $3,092,000. RIA Advisory Group LLC purchased a new stake in Honeywell International in the third quarter valued at about $6,124,000. Copley Financial Group Inc. acquired a new stake in Honeywell International in the third quarter worth about $454,000. Finally, Sargent Investment Group LLC increased its holdings in shares of Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after acquiring an additional 4,082 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Stock Performance

HON opened at $205.52 on Friday. The company has a market cap of $133.64 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05. The firm’s fifty day simple moving average is $224.52 and its two-hundred day simple moving average is $215.11. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

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.