Honeywell International Inc. (NASDAQ:HON) Holdings Cut by Wallington Asset Management LLC

Wallington Asset Management LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,856 shares of the conglomerate’s stock after selling 575 shares during the quarter. Honeywell International makes up 2.8% of Wallington Asset Management LLC’s portfolio, making the stock its 11th largest holding. Wallington Asset Management LLC’s holdings in Honeywell International were worth $19,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth approximately $29,000. Financial Avengers Inc. grew its holdings in 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 acquiring an additional 50 shares during the period. Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the third quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.0 %

Honeywell International stock opened at $222.58 on Friday. The company has a fifty day simple moving average of $227.00 and a 200 day simple moving average of $214.36. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market cap of $144.73 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Wells Fargo & Company cut their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. UBS Group reiterated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Barclays lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.