Grassi Investment Management Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Grassi Investment Management reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,246 shares of the conglomerate’s stock after selling 723 shares during the quarter. Honeywell International accounts for approximately 1.2% of Grassi Investment Management’s portfolio, making the stock its 22nd largest holding. Grassi Investment Management’s holdings in Honeywell International were worth $13,609,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Acadian Asset Management LLC grew its stake in shares of Honeywell International by 36.7% in the second quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after purchasing an additional 1,575 shares during the last quarter. Headlands Technologies LLC bought a new position in Honeywell International in the second quarter worth about $121,000. Envestnet Asset Management Inc. raised its position in shares of Honeywell International by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,057,508 shares of the conglomerate’s stock worth $225,820,000 after acquiring an additional 71,378 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Honeywell International by 25.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,100 shares of the conglomerate’s stock valued at $3,224,000 after purchasing an additional 3,093 shares during the period. Finally, Lyell Wealth Management LP boosted its position in shares of Honeywell International by 1.4% during the second quarter. Lyell Wealth Management LP now owns 48,936 shares of the conglomerate’s stock valued at $10,450,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $248.07.

Honeywell International Stock Performance

Honeywell International stock traded up $1.32 during midday trading on Monday, reaching $219.51. 3,439,274 shares of the company traded hands, compared to its average volume of 3,069,918. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market capitalization of $142.74 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The business has a 50 day moving average of $226.40 and a two-hundred day moving average of $214.20.

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.