1900 Wealth Management LLC Sells 403 Shares of Honeywell International Inc. (NASDAQ:HON)

1900 Wealth Management LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,263 shares of the conglomerate’s stock after selling 403 shares during the quarter. 1900 Wealth Management LLC’s holdings in Honeywell International were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Ridge Investment Management bought a new position in Honeywell International during the 4th quarter worth approximately $207,000. Telos Capital Management Inc. increased its position in shares of Honeywell International by 2,478.1% during the fourth quarter. Telos Capital Management Inc. now owns 38,774 shares of the conglomerate’s stock worth $8,759,000 after buying an additional 37,270 shares during the period. Oakworth Capital Inc. raised its stake in Honeywell International by 9.5% during the fourth quarter. Oakworth Capital Inc. now owns 4,122 shares of the conglomerate’s stock worth $931,000 after buying an additional 358 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in Honeywell International during the fourth quarter valued at $227,000. Finally, Beacon Financial Advisory LLC acquired a new stake in Honeywell International during the 4th quarter worth about $233,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 5.6 %

HON stock opened at $209.82 on Friday. The firm has a market capitalization of $136.44 billion, a PE ratio of 24.23, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The stock’s 50 day moving average is $225.46 and its 200-day moving average is $215.23.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Sell-side analysts expect that Honeywell International Inc. will post 9.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Barclays raised their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average 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.