Community Financial Services Group LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Community Financial Services Group LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,329 shares of the conglomerate’s stock after selling 2,472 shares during the period. Honeywell International comprises 1.4% of Community Financial Services Group LLC’s portfolio, making the stock its 22nd biggest position. Community Financial Services Group LLC’s holdings in Honeywell International were worth $6,851,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the 3rd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International during the 4th quarter worth $30,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp increased its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Jefferies Financial Group raised their target price 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. The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays cut their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Honeywell International stock opened at $206.94 on Wednesday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The stock has a market cap of $134.56 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.55 and a beta of 1.05. The stock’s 50 day simple moving average is $224.09 and its two-hundred day simple moving average is $215.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

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.