TI Trust Inc. Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

TI Trust Inc. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,159 shares of the conglomerate’s stock after selling 124 shares during the quarter. Honeywell International makes up 1.1% of TI Trust Inc.’s holdings, making the stock its 24th largest position. TI Trust Inc.’s holdings in Honeywell International were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter worth approximately $29,000. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. increased its position in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.8 %

HON stock opened at $221.51 on Monday. The firm’s 50 day moving average price is $226.38 and its 200-day moving average price is $214.86. 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 firm has a market cap of $144.04 billion, a PE ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup reduced their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays lifted their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Company 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.