Lynch & Associates IN Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Lynch & Associates IN cut its position in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,190 shares of the conglomerate’s stock after selling 574 shares during the period. Honeywell International accounts for 1.3% of Lynch & Associates IN’s holdings, making the stock its 26th largest position. Lynch & Associates IN’s holdings in Honeywell International were worth $6,142,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HON. Capital Wealth Planning LLC purchased a new position in Honeywell International during the 2nd quarter worth $392,478,000. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HON. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup raised their target price on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Eleven 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $248.21.

Honeywell International Price Performance

NASDAQ HON traded down $1.98 during trading on Friday, hitting $218.19. 3,584,981 shares of the company’s stock were exchanged, compared to its average volume of 3,012,544. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week 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 company has a market cap of $141.88 billion, a PE ratio of 25.20, a P/E/G ratio of 2.85 and a beta of 1.06. The stock’s 50 day moving average price is $226.22 and its two-hundred day moving average price is $214.18.

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.