BTC Capital Management Inc. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

BTC Capital Management Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 14,713 shares of the conglomerate’s stock after selling 940 shares during the period. BTC Capital Management Inc.’s holdings in Honeywell International were worth $3,324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. grew its stake in Honeywell International by 3.5% in the second quarter. Dana Investment Advisors Inc. now owns 12,969 shares of the conglomerate’s stock worth $2,769,000 after purchasing an additional 439 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Honeywell International in the second quarter worth $12,766,000. Passive Capital Management LLC. lifted its position in Honeywell International by 12.0% in the 2nd quarter. Passive Capital Management LLC. now owns 1,169 shares of the conglomerate’s stock valued at $250,000 after purchasing an additional 125 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of Honeywell International by 2.1% during the third quarter. Jacobs & Co. CA now owns 63,851 shares of the conglomerate’s stock worth $13,198,000 after buying an additional 1,336 shares during the period. Finally, M&R Capital Management Inc. grew its stake in shares of Honeywell International by 497.8% in the third quarter. M&R Capital Management Inc. now owns 21,564 shares of the conglomerate’s stock worth $4,458,000 after purchasing an additional 17,957 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $224.06 on Friday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $145.70 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. The business’s 50 day moving average is $226.02 and its 200-day moving average is $215.09.

Analyst Ratings Changes

HON has been the topic of several research analyst reports. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Barclays raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $248.29.

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.