Wright Investors Service Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Wright Investors Service Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,037 shares of the conglomerate's stock after selling 3,830 shares during the quarter. Wright Investors Service Inc.'s holdings in Honeywell International were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Wealth Planning LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at about $392,478,000. Wellington Management Group LLP lifted its holdings in Honeywell International by 8.4% during 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 in the last quarter. International Assets Investment Management LLC increased its stake in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock valued at $129,415,000 after purchasing an additional 575,865 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.3 %

NASDAQ HON traded down $0.60 during trading hours on Tuesday, hitting $218.50. 4,021,609 shares of the company were exchanged, compared to its average volume of 3,461,568. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 stock has a 50-day moving average price of $226.63 and a 200 day moving average price of $214.23. The stock has a market cap of $142.08 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Robert W. Baird cut Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Eleven 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $248.07.

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.