Alan B Lancz & Associates Inc. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Alan B Lancz & Associates Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 12.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,361 shares of the conglomerate’s stock after selling 1,000 shares during the quarter. Honeywell International makes up about 1.7% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 12th biggest position. Alan B Lancz & Associates Inc.’s holdings in Honeywell International were worth $1,663,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. RIA Advisory Group LLC purchased a new stake in Honeywell International in the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. purchased a new stake in shares of Honeywell International in the third quarter valued at $454,000. EP Wealth Advisors LLC grew its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the period. Rockefeller Capital Management L.P. lifted its position in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Eleven equities 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Down 1.8 %

NASDAQ HON opened at $221.51 on Friday. The stock has a market cap of $144.04 billion, a PE ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06. The business has a 50 day moving average price of $226.38 and a two-hundred day moving average price of $214.83. 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 quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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.