abrdn plc Sells 26,607 Shares of Honeywell International Inc. (NASDAQ:HON)

abrdn plc lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 295,615 shares of the conglomerate’s stock after selling 26,607 shares during the quarter. abrdn plc’s holdings in Honeywell International were worth $66,893,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Czech National Bank grew its stake in shares of Honeywell International by 6.9% during the 3rd quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock worth $27,421,000 after acquiring an additional 8,563 shares during the period. GAMMA Investing LLC boosted its position in Honeywell International by 35.6% during the third quarter. GAMMA Investing LLC now owns 5,703 shares of the conglomerate’s stock worth $1,179,000 after purchasing an additional 1,496 shares during the period. Diversified Trust Co increased its stake in shares of Honeywell International by 6.8% in the third quarter. Diversified Trust Co now owns 14,463 shares of the conglomerate’s stock worth $2,990,000 after purchasing an additional 915 shares in the last quarter. Greenfield Savings Bank raised its position in shares of Honeywell International by 12.6% in the third quarter. Greenfield Savings Bank now owns 6,723 shares of the conglomerate’s stock valued at $1,390,000 after purchasing an additional 750 shares during the period. Finally, Aprio Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $227,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. 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 report on Wednesday, November 13th. Barclays lifted their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Trading Up 0.5 %

Shares of HON stock opened at $223.55 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $145.36 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The business has a 50-day moving average price of $225.75 and a two-hundred day moving average price of $215.12. Honeywell International Inc. has a 12-month low of $189.75 and a 12-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.