New York State Common Retirement Fund Reduces Stock Holdings in Honeywell International Inc. $HON

New York State Common Retirement Fund lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786,903 shares of the conglomerate’s stock after selling 62,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Honeywell International were worth $165,643,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Armstrong Fleming & Moore Inc acquired a new stake in Honeywell International in the 2nd quarter worth about $998,000. Lockheed Martin Investment Management Co. purchased a new position in shares of Honeywell International during the 3rd quarter worth about $4,147,000. Triton Financial Group Inc purchased a new position in shares of Honeywell International during the 2nd quarter worth about $1,001,000. Managed Asset Portfolios LLC boosted its position in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Baxter Bros Inc. grew its holdings in Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.9%

Shares of HON opened at $216.64 on Thursday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The stock’s 50-day moving average is $200.95 and its two-hundred day moving average is $208.99. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market cap of $137.54 billion, a PE ratio of 22.83, a P/E/G ratio of 2.62 and a beta of 0.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HON shares. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Monday, January 5th. Bank of America restated an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. BNP Paribas Exane upgraded Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded Honeywell International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $218.00 to $255.00 in a research note on Friday, January 16th. Finally, DZ Bank reduced their price objective on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.