Gladstone Institutional Advisory LLC Has $1.55 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Gladstone Institutional Advisory LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,853 shares of the conglomerate’s stock after selling 740 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Honeywell International were worth $1,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Beacon Financial Group raised its stake in shares of Honeywell International by 64.5% during the 4th quarter. Beacon Financial Group now owns 2,464 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 966 shares in the last quarter. Signet Investment Advisory Group Inc. increased its holdings in Honeywell International by 50.2% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 24,925 shares of the conglomerate’s stock worth $5,630,000 after buying an additional 8,328 shares during the last quarter. TCV Trust & Wealth Management Inc. raised its position in Honeywell International by 35.7% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 2,826 shares of the conglomerate’s stock worth $638,000 after acquiring an additional 744 shares in the last quarter. Schear Investment Advisers LLC grew its position in shares of Honeywell International by 0.8% in the 4th quarter. Schear Investment Advisers LLC now owns 6,768 shares of the conglomerate’s stock valued at $1,529,000 after acquiring an additional 56 shares during the period. Finally, Portfolio Design Labs LLC grew its position in shares of Honeywell International by 52.1% in the 4th quarter. Portfolio Design Labs LLC now owns 18,083 shares of the conglomerate’s stock valued at $4,085,000 after acquiring an additional 6,196 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $205.27 on Friday. The firm has a 50-day moving average price of $223.20 and a two-hundred day moving average price of $215.11. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a market capitalization of $133.48 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. cut 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. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

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.