FARMERS & MERCHANTS TRUST Co OF LONG BEACH Cuts Position in Honeywell International Inc. (NASDAQ:HON)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,426 shares of the conglomerate’s stock after selling 246 shares during the quarter. Honeywell International accounts for about 1.4% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 17th largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Honeywell International were worth $5,518,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Shikiar Asset Management Inc. increased its holdings in Honeywell International by 2,562.2% during the fourth quarter. Shikiar Asset Management Inc. now owns 39,933 shares of the conglomerate’s stock worth $9,020,000 after buying an additional 38,433 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Honeywell International by 1.3% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 33,761 shares of the conglomerate’s stock worth $7,626,000 after purchasing an additional 422 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in shares of Honeywell International by 9.5% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,540 shares of the conglomerate’s stock worth $348,000 after purchasing an additional 134 shares during the period. Brooklyn Investment Group lifted its stake in Honeywell International by 26.8% in the fourth quarter. Brooklyn Investment Group now owns 3,089 shares of the conglomerate’s stock valued at $698,000 after purchasing an additional 653 shares during the last quarter. Finally, Albert D Mason Inc. grew its holdings in Honeywell International by 0.7% during the fourth quarter. Albert D Mason Inc. now owns 7,967 shares of the conglomerate’s stock valued at $1,800,000 after purchasing an additional 55 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. UBS Group restated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

HON stock opened at $222.58 on Friday. The firm has a 50 day simple moving average of $227.00 and a two-hundred day simple moving average of $214.36. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $144.73 billion, a PE ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

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.