Beacon Investment Advisory Services Inc. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Beacon Investment Advisory Services Inc. cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,746 shares of the conglomerate's stock after selling 6,737 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Honeywell International were worth $19,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bill Few Associates Inc. lifted its position in shares of Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after buying an additional 49 shares during the last quarter. Mutual Advisors LLC boosted its stake in Honeywell International by 10.2% in the fourth quarter. Mutual Advisors LLC now owns 8,464 shares of the conglomerate's stock valued at $1,885,000 after acquiring an additional 785 shares in the last quarter. True North Advisors LLC grew its holdings in shares of Honeywell International by 14.5% during the fourth quarter. True North Advisors LLC now owns 3,279 shares of the conglomerate's stock worth $741,000 after purchasing an additional 414 shares during the last quarter. Independent Wealth Network Inc. lifted its holdings in shares of Honeywell International by 2.7% in the 4th quarter. Independent Wealth Network Inc. now owns 4,035 shares of the conglomerate's stock valued at $911,000 after purchasing an additional 107 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Honeywell International by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 286,354 shares of the conglomerate's stock valued at $64,685,000 after purchasing an additional 12,350 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. Baird R W cut Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. UBS Group restated 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. Wells Fargo & Company decreased their target price on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $248.29.

Honeywell International Price Performance

HON stock traded up $2.57 during trading on Thursday, reaching $225.66. 3,022,589 shares of the company were exchanged, compared to its average volume of 3,584,452. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock's 50 day moving average price is $226.63 and its 200 day moving average price is $214.69. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a market cap of $146.74 billion, a P/E ratio of 26.06, a PEG ratio of 2.58 and a beta of 1.06.

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.