Sippican Capital Advisors Sells 215 Shares of Honeywell International Inc. (NASDAQ:HON)

Sippican Capital Advisors cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,081 shares of the conglomerate’s stock after selling 215 shares during the quarter. Sippican Capital Advisors’ holdings in Honeywell International were worth $470,000 at the end of the most recent reporting period.

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

Honeywell International Stock Up 0.2 %

Honeywell International stock opened at $221.05 on Thursday. The company has a market capitalization of $143.74 billion, a PE ratio of 25.53, a PEG ratio of 2.56 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 firm’s fifty day moving average is $226.17 and its 200 day moving average is $214.98. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HON. Bank of America boosted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Barclays raised their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company decreased their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.