Northstar Group Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Northstar Group Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,843 shares of the conglomerate’s stock after selling 200 shares during the quarter. Northstar Group Inc.’s holdings in Honeywell International were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter worth $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter worth about $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted 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 worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HON. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup decreased their target price 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. Finally, Bank of America increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $205.52 on Friday. The company’s fifty day moving average price is $225.07 and its 200 day moving average price is $215.19. 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 1 year low of $189.75 and a 1 year high of $242.77. The company has a market capitalization of $133.64 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. On average, research analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current year.

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.