AdvisorNet Financial Inc Trims Position in Honeywell International Inc. (NASDAQ:HON)

AdvisorNet Financial Inc cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,985 shares of the conglomerate's stock after selling 7,063 shares during the period. AdvisorNet Financial Inc's holdings in Honeywell International were worth $2,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Absher Wealth Management LLC increased its stake in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after buying an additional 49 shares during the period. ZRC Wealth Management LLC grew its holdings in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock worth $99,000 after acquiring an additional 50 shares in the last quarter. CFM Wealth Partners LLC increased its position in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock valued at $264,000 after purchasing an additional 50 shares during the period. Jacobsen Capital Management raised its holdings in shares of Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate's stock valued at $209,000 after purchasing an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its position in shares of Honeywell International by 0.4% in the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate's stock worth $2,517,000 after purchasing an additional 50 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON traded up $1.04 during trading hours on Wednesday, reaching $219.54. 4,646,323 shares of the company traded hands, compared to its average volume of 3,593,125. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average price of $226.83 and a 200-day moving average price of $214.27. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The stock has a market capitalization of $142.76 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06.

Analyst Ratings Changes

HON has been the topic of several research reports. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. UBS Group reiterated a "buy" rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of "Hold" and an average target price of $247.93.

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.