Schmidt P J Investment Management Inc. Has $6.87 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Schmidt P J Investment Management Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,401 shares of the conglomerate’s stock after selling 1,391 shares during the period. Honeywell International makes up about 1.2% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 27th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Honeywell International were worth $6,867,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter valued at $25,000. Hoese & Co LLP acquired a new position in Honeywell International in the fourth quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth about $29,000. Financial Avengers Inc. grew its stake 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 buying an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in shares of 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 buying an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ:HON opened at $222.35 on Thursday. The firm has a market cap of $144.58 billion, a P/E ratio of 25.68, a PEG ratio of 2.57 and a beta of 1.05. The business’s 50 day simple moving average is $225.61 and its two-hundred day simple moving average is $215.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. Royal Bank of Canada reissued 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 price target on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Citigroup lowered 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 report on Monday, January 13th. Eleven equities research 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $248.29.

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.