Argent Capital Management LLC Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Argent Capital Management LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the conglomerate's stock after selling 2,975 shares during the quarter. Argent Capital Management LLC's holdings in Honeywell International were worth $1,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after acquiring an additional 92,112 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. Geode Capital Management LLC raised its position in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate's stock worth $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HON shares. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research report on Tuesday, December 17th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Barclays dropped their price target on Honeywell International from $260.00 to $255.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $247.93.

Honeywell International Trading Up 1.4 %

Shares of Honeywell International stock traded up $3.15 during trading hours on Thursday, hitting $222.69. The company's stock had a trading volume of 4,606,845 shares, compared to its average volume of 3,667,063. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The firm has a fifty day moving average of $226.89 and a 200-day moving average of $214.30. The stock has a market cap of $144.80 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.40 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 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.