Mount Yale Investment Advisors LLC Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Mount Yale Investment Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 72.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,114 shares of the conglomerate’s stock after selling 19,126 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Honeywell International were worth $1,607,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter valued at about $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at about $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International during the fourth quarter valued at about $30,000. Financial Avengers Inc. grew 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 buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew 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 buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Eleven research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Performance

Shares of HON opened at $225.77 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a 50-day simple moving average of $226.38 and a two-hundred day simple moving average of $214.86. The firm has a market capitalization of $146.80 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

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.