Meyer Handelman Co. Sells 1,379 Shares of Honeywell International Inc. (NASDAQ:HON)

Meyer Handelman Co. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 408,814 shares of the conglomerate’s stock after selling 1,379 shares during the period. Honeywell International accounts for approximately 3.2% of Meyer Handelman Co.’s portfolio, making the stock its 5th biggest holding. Meyer Handelman Co. owned 0.06% of Honeywell International worth $92,347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Brendel Financial Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at $204,000. Founders Grove Wealth Partners LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at $254,000. Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 0.4% during the fourth quarter. Laurel Wealth Advisors LLC now owns 15,906 shares of the conglomerate’s stock valued at $3,593,000 after acquiring an additional 70 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Honeywell International by 56.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,497 shares of the conglomerate’s stock valued at $2,145,000 after acquiring an additional 3,430 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Honeywell International by 107.6% during the fourth quarter. Park Avenue Securities LLC now owns 19,961 shares of the conglomerate’s stock valued at $4,509,000 after acquiring an additional 10,347 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HON. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Barclays reduced their target price on Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eleven research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $248.07.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $218.50 on Wednesday. The company has a market cap of $142.08 billion, a P/E ratio of 25.23, a PEG ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The business’s 50-day simple moving average is $226.83 and its 200 day simple moving average is $214.27.

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.