Morton Capital Management LLC CA Sells 252 Shares of Honeywell International Inc. (NASDAQ:HON)

Morton Capital Management LLC CA lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,776 shares of the conglomerate’s stock after selling 252 shares during the period. Morton Capital Management LLC CA’s holdings in Honeywell International were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter worth about $29,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Planning Capital Management Corp boosted its position in Honeywell International by 96.4% during 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 in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $222.69 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. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market cap of $144.80 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.40 and a beta of 1.06. The company’s 50 day moving average is $226.89 and its two-hundred day moving average is $214.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. Barclays reduced their price target on Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, UBS Group reissued a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $247.93.

About Honeywell International

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.