Mediolanum International Funds Ltd Trims Position in Honeywell International Inc. (NASDAQ:HON)

Mediolanum International Funds Ltd reduced its position in Honeywell International Inc. (NASDAQ:HON) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,754 shares of the conglomerate’s stock after selling 6,457 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Honeywell International were worth $9,664,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. lifted its stake in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after buying an additional 48 shares in the last quarter. Absher Wealth Management LLC boosted its stake in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the last quarter. Bill Few Associates Inc. grew its holdings in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after buying an additional 49 shares in the last quarter. Finally, ZRC Wealth Management LLC increased its stake in Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $223.72 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a 50 day moving average price of $226.02 and a 200-day moving average price of $215.09. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The stock has a market capitalization of $145.47 billion, a PE ratio of 25.83, a PEG ratio of 2.54 and a beta of 1.06.

Analysts Set New Price Targets

A number of research analysts have recently commented on HON shares. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. UBS Group restated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $248.29.

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.