Douglas Lane & Associates LLC Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Douglas Lane & Associates LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,700 shares of the conglomerate’s stock after selling 20,027 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Honeywell International were worth $23,425,000 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. Los Angeles Capital Management LLC boosted its position in shares of Honeywell International by 13.9% during the second quarter. Los Angeles Capital Management LLC now owns 23,463 shares of the conglomerate’s stock worth $5,010,000 after acquiring an additional 2,869 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Honeywell International in the second quarter worth about $330,000. Acadian Asset Management LLC lifted its position in shares of Honeywell International by 36.7% in the second quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after buying an additional 1,575 shares in the last quarter. Choreo LLC boosted its stake in Honeywell International by 255.3% during the second quarter. Choreo LLC now owns 28,989 shares of the conglomerate’s stock valued at $6,124,000 after buying an additional 20,830 shares during the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in Honeywell International during the 2nd quarter valued at approximately $562,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Bank of America raised 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. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. The Goldman Sachs Group boosted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $248.21.

Honeywell International Stock Down 0.1 %

NASDAQ:HON traded down $0.29 during midday trading on Wednesday, reaching $220.34. 1,080,780 shares of the stock traded hands, compared to its average volume of 2,511,271. The stock has a market capitalization of $143.28 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. 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 business has a 50-day moving average of $225.61 and a two-hundred day moving average of $214.10.

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.