Honeywell International Inc. (NASDAQ:HON) Position Reduced by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 62,658 shares of the conglomerate’s stock after selling 2,659 shares during the quarter. Wesbanco Bank Inc.’s holdings in Honeywell International were worth $14,154,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after acquiring an additional 575,865 shares during the period. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after acquiring an additional 547,998 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Honeywell International by 146.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate’s stock worth $127,826,000 after acquiring an additional 336,296 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HON shares. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. 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. Barclays increased their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $223.09 on Thursday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a 50-day moving average of $226.83 and a 200-day moving average of $214.63. The firm has a market cap of $145.06 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

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.