Mediolanum International Funds Ltd Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Mediolanum International Funds Ltd trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,754 shares of the conglomerate’s stock after selling 6,457 shares during the period. Mediolanum International Funds Ltd’s holdings in Honeywell International were worth $9,664,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Honeywell International in the second quarter worth about $12,766,000. Czech National Bank boosted its stake in Honeywell International by 6.9% in the 3rd quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock worth $27,421,000 after purchasing an additional 8,563 shares in the last quarter. Bright Rock Capital Management LLC grew its position in Honeywell International by 110.0% during the 3rd quarter. Bright Rock Capital Management LLC now owns 52,500 shares of the conglomerate’s stock worth $10,852,000 after purchasing an additional 27,500 shares during the last quarter. Alpha Omega Wealth Management LLC increased its stake in Honeywell International by 1.2% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 6,076 shares of the conglomerate’s stock valued at $1,256,000 after purchasing an additional 75 shares in the last quarter. Finally, Rockland Trust Co. raised its holdings in shares of Honeywell International by 127.2% in the third quarter. Rockland Trust Co. now owns 99,303 shares of the conglomerate’s stock worth $20,527,000 after buying an additional 55,590 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $248.29.

Honeywell International Trading Down 0.2 %

Shares of NASDAQ:HON opened at $223.72 on Friday. The business’s 50 day moving average price is $226.02 and its 200-day moving average price is $215.09. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The firm has a market capitalization of $145.47 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

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.