Sumitomo Mitsui Trust Group Inc. Has $419.58 Million Position in Honeywell International Inc. (NASDAQ:HON)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,857,470 shares of the conglomerate’s stock after selling 9,357 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Honeywell International were worth $419,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baldwin Wealth Partners LLC MA grew its holdings in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares during the period. Costello Asset Management INC bought a new stake in Honeywell International in the fourth quarter valued at about $3,092,000. RIA Advisory Group LLC acquired a new position in Honeywell International in the third quarter valued at about $6,124,000. Copley Financial Group Inc. bought a new position in Honeywell International during the third quarter worth about $454,000. Finally, Sargent Investment Group LLC grew its position in shares of Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after buying an additional 4,082 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on HON shares. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, 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. Eleven equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $209.82 on Friday. 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 stock has a 50 day moving average price of $225.46 and a 200 day moving average price of $215.23. The stock has a market capitalization of $136.44 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

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.