Meyer Handelman Co. cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 investment portfolio, making the stock its 5th largest holding. Meyer Handelman Co. owned 0.06% of Honeywell International worth $92,347,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in Honeywell International by 4.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate's stock worth $3,943,000 after acquiring an additional 760 shares during the period. One Capital Management LLC grew its position in Honeywell International by 358.1% in the 2nd quarter. One Capital Management LLC now owns 5,745 shares of the conglomerate's stock valued at $1,227,000 after buying an additional 4,491 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Honeywell International by 8.5% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 21,282 shares of the conglomerate's stock valued at $4,546,000 after buying an additional 1,674 shares during the period. Wulff Hansen & CO. raised its position in shares of Honeywell International by 2,035.4% during the 2nd quarter. Wulff Hansen & CO. now owns 44,309 shares of the conglomerate's stock worth $9,462,000 after buying an additional 42,234 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth approximately $286,000. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Stock Up 0.4 %
NASDAQ HON traded up $0.98 during trading on Wednesday, hitting $219.48. 2,658,719 shares of the company traded hands, compared to its average volume of 3,354,751. The company has a market capitalization of $142.72 billion, a P/E ratio of 25.34, a PEG ratio of 2.85 and a beta of 1.06. The business has a fifty day simple moving average of $226.83 and a 200 day simple moving average of $214.27. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Honeywell International from $254.00 to $240.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. UBS Group restated a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Finally, Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $247.93.
Check Out Our Latest Stock Report on Honeywell International
Honeywell International Profile
(
Free Report)
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.
Featured Articles
Before you consider Honeywell International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honeywell International wasn't on the list.
While Honeywell International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
