Honeywell International Inc. (NASDAQ:HON) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,096 shares of the conglomerate’s stock after selling 115 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Honeywell International were worth $2,958,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter worth approximately $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. grew its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp raised its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. 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. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted their target price 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, Citigroup lowered 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 report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Trading Down 2.0 %

Shares of HON opened at $205.52 on Friday. The firm’s 50-day moving average is $224.52 and its two-hundred day moving average is $215.11. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $133.64 billion, a P/E ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05.

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

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.