Canandaigua National Bank & Trust Co. Trims Position in Honeywell International Inc. (NASDAQ:HON)

Canandaigua National Bank & Trust Co. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,281 shares of the conglomerate’s stock after selling 2,986 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Honeywell International were worth $2,548,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts recently commented on HON shares. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Citigroup boosted their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $249.57.

Honeywell International Stock Performance

HON traded down $4.78 on Monday, reaching $221.74. The stock had a trading volume of 3,823,836 shares, compared to its average volume of 2,303,277. The business’s 50-day moving average price is $225.01 and its two-hundred day moving average price is $214.00. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market cap of $144.19 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

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.