Raleigh Capital Management Inc. Sells 280 Shares of Honeywell International Inc. (NASDAQ:HON)

Raleigh Capital Management Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 54.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236 shares of the conglomerate’s stock after selling 280 shares during the period. Raleigh Capital Management Inc.’s holdings in Honeywell International were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Public Sector Pension Investment Board grew its position in Honeywell International by 70.0% in the second quarter. Public Sector Pension Investment Board now owns 24,908 shares of the conglomerate’s stock worth $5,319,000 after acquiring an additional 10,252 shares in the last quarter. Marshall Wace LLP lifted its stake in Honeywell International by 1.2% during the second quarter. Marshall Wace LLP now owns 181,340 shares of the conglomerate’s stock worth $38,723,000 after purchasing an additional 2,101 shares during the last quarter. AXA S.A. boosted its holdings in shares of Honeywell International by 6.1% in the 2nd quarter. AXA S.A. now owns 155,975 shares of the conglomerate’s stock worth $33,307,000 after purchasing an additional 9,032 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 3.9% during the 2nd 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 last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of Honeywell International during the 2nd quarter valued at about $59,920,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $225.66 on Friday. The company has a market cap of $146.73 billion, a PE ratio of 26.06, a P/E/G ratio of 2.58 and a beta of 1.06. The business has a 50 day moving average of $226.63 and a 200 day moving average of $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 quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Analysts Set New Price Targets

HON has been the topic of several research reports. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Wells Fargo & Company cut their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.29.

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.