Platform Technology Partners Sells 128 Shares of Honeywell International Inc. (NASDAQ:HON)

Platform Technology Partners cut its position in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,106 shares of the conglomerate’s stock after selling 128 shares during the quarter. Platform Technology Partners’ holdings in Honeywell International were worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. ZWJ Investment Counsel Inc. grew its stake in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after buying an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its position in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC increased its stake in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares during the period. Absher Wealth Management LLC lifted its position in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 49 shares in the last quarter. Finally, Bill Few Associates Inc. boosted its stake in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after purchasing an additional 49 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 2.0 %

NASDAQ HON opened at $205.52 on Friday. The firm’s fifty day moving average price is $225.07 and its 200 day moving average price is $215.19. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. 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 company has a market capitalization of $133.64 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. On average, sell-side analysts expect that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.86.

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.