Klingenstein Fields & Co. LP Sells 635 Shares of Honeywell International Inc. (NASDAQ:HON)

Klingenstein Fields & Co. LP lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 171,741 shares of the conglomerate’s stock after selling 635 shares during the quarter. Honeywell International makes up about 1.6% of Klingenstein Fields & Co. LP’s portfolio, making the stock its 19th largest position. Klingenstein Fields & Co. LP’s holdings in Honeywell International were worth $38,795,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its holdings in Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Honeywell International by 7.2% in the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after purchasing an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Honeywell International by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after purchasing an additional 42,287 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.1 %

Shares of NASDAQ HON opened at $205.27 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The firm’s fifty day moving average is $223.20 and its 200 day moving average is $215.11. The company has a market cap of $133.48 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

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.