Stratos Investment Management LLC Has $1.80 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Stratos Investment Management LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 56.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,980 shares of the conglomerate’s stock after selling 10,378 shares during the period. Stratos Investment Management LLC’s holdings in Honeywell International were worth $1,803,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC raised its stake in Honeywell International by 7.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 5,158 shares of the conglomerate’s stock worth $1,165,000 after buying an additional 343 shares during the period. Sargent Investment Group LLC raised its stake in shares of Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after purchasing an additional 4,082 shares during the last quarter. Old North State Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth approximately $210,000. Avitas Wealth Management LLC raised its stake in shares of Honeywell International by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 22,141 shares of the conglomerate’s stock worth $5,001,000 after purchasing an additional 144 shares during the last quarter. Finally, Welch Group LLC raised its stake in shares of Honeywell International by 5.0% in the fourth quarter. Welch Group LLC now owns 7,405 shares of the conglomerate’s stock worth $1,678,000 after purchasing an additional 352 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $223.55 on Wednesday. The stock has a market cap of $145.36 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. 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 fifty day moving average of $225.75 and a 200-day moving average of $215.12.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Citigroup decreased their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price 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.