Advisory Alpha LLC Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Advisory Alpha LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 10.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,492 shares of the conglomerate’s stock after selling 176 shares during the period. Advisory Alpha LLC’s holdings in Honeywell International were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International during the 3rd quarter worth $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the 4th quarter worth $30,000. Financial Avengers Inc. grew its position in 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 last quarter. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the 3rd 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. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.66 on Friday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month 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 50-day moving average of $226.63 and a 200-day moving average of $214.69. The firm has a market cap of $146.73 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 2.58 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HON. Wells Fargo & Company lowered their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays raised their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $248.29.

Honeywell International Company 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.