Retirement Systems of Alabama Sells 211,569 Shares of Honeywell International Inc. (NASDAQ:HON)

Retirement Systems of Alabama reduced its position in Honeywell International Inc. (NASDAQ:HON) by 60.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,783 shares of the conglomerate’s stock after selling 211,569 shares during the quarter. Retirement Systems of Alabama’s holdings in Honeywell International were worth $31,801,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter valued at approximately $29,000. Hoese & Co LLP purchased a new stake in Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. raised its stake in Honeywell International by 48.1% in 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 Honeywell International by 96.4% in 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HON shares. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company decreased their price target on shares of 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 shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Barclays lifted their price target on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $222.35 on Thursday. The stock has a market cap of $144.58 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The firm’s fifty day simple moving average is $225.61 and its 200 day simple moving average is $215.18. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 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.