TCP Asset Management LLC Sells 296 Shares of Honeywell International Inc. (NASDAQ:HON)

TCP Asset Management LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,875 shares of the conglomerate’s stock after selling 296 shares during the period. TCP Asset Management LLC’s holdings in Honeywell International were worth $424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Honeywell International by 17.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock valued at $4,009,000 after buying an additional 2,734 shares during the period. Callan Capital LLC grew its holdings in Honeywell International by 6.4% during the 2nd quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock worth $474,000 after acquiring an additional 134 shares during the last quarter. AE Wealth Management LLC increased its position in Honeywell International by 16.4% in the 2nd quarter. AE Wealth Management LLC now owns 88,985 shares of the conglomerate’s stock valued at $19,002,000 after acquiring an additional 12,530 shares during the period. Sei Investments Co. lifted its holdings in shares of Honeywell International by 12.3% during the second quarter. Sei Investments Co. now owns 407,956 shares of the conglomerate’s stock worth $87,114,000 after purchasing an additional 44,644 shares during the period. Finally, Capstone Triton Financial Group LLC grew its stake in shares of Honeywell International by 15.3% in the second quarter. Capstone Triton Financial Group LLC now owns 3,309 shares of the conglomerate’s stock worth $707,000 after purchasing an additional 439 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $222.58 on Friday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The stock has a market capitalization of $144.73 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company’s 50-day moving average is $227.06 and its 200-day moving average is $214.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $248.29.

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.