BTC Capital Management Inc. Decreases Position in Honeywell International Inc. (NASDAQ:HON)

BTC Capital Management Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,713 shares of the conglomerate’s stock after selling 940 shares during the period. BTC Capital Management Inc.’s holdings in Honeywell International were worth $3,324,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Dana Investment Advisors Inc. lifted its stake in Honeywell International by 3.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 12,969 shares of the conglomerate’s stock worth $2,769,000 after purchasing an additional 439 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $12,766,000. Passive Capital Management LLC. lifted its position in Honeywell International by 12.0% during the second quarter. Passive Capital Management LLC. now owns 1,169 shares of the conglomerate’s stock worth $250,000 after buying an additional 125 shares in the last quarter. Jacobs & Co. CA boosted its stake in Honeywell International by 2.1% during the third quarter. Jacobs & Co. CA now owns 63,851 shares of the conglomerate’s stock worth $13,198,000 after buying an additional 1,336 shares during the last quarter. Finally, M&R Capital Management Inc. grew its holdings in Honeywell International by 497.8% in the 3rd quarter. M&R Capital Management Inc. now owns 21,564 shares of the conglomerate’s stock valued at $4,458,000 after buying an additional 17,957 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HON. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $248.29.

Honeywell International Price Performance

Shares of HON opened at $224.06 on Friday. The stock’s 50 day moving average is $226.02 and its two-hundred day moving average is $215.09. The firm has a market capitalization of $145.70 billion, a PE ratio of 25.87, a P/E/G ratio of 2.54 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

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.