Sachetta LLC Sells 174 Shares of Honeywell International Inc. (NASDAQ:HON)

Sachetta LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 513 shares of the conglomerate’s stock after selling 174 shares during the period. Sachetta LLC’s holdings in Honeywell International were worth $116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RIA Advisory Group LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at $6,124,000. Copley Financial Group Inc. acquired a new stake in Honeywell International in the third quarter worth $454,000. EP Wealth Advisors LLC increased its stake in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC boosted its position in shares of Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 1.8 %

Shares of NASDAQ:HON opened at $221.51 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $144.04 billion, a PE ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. The business has a 50 day moving average of $226.53 and a two-hundred day moving average of $214.76. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

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.