Honeywell International Inc. (NASDAQ:HON) Stake Cut by Spirit of America Management Corp NY

Spirit of America Management Corp NY cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,650 shares of the conglomerate’s stock after selling 250 shares during the quarter. Spirit of America Management Corp NY’s holdings in Honeywell International were worth $1,954,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter valued at $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HON shares. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Trading Up 0.5 %

Shares of HON opened at $223.55 on Wednesday. The business’s 50-day moving average price is $225.75 and its 200 day moving average price is $215.12. The stock has a market capitalization of $145.36 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.57 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $189.75 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.

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.