Yousif Capital Management LLC Sells 2,946 Shares of Honeywell International Inc. (NASDAQ:HON)

Yousif Capital Management LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 81,897 shares of the conglomerate’s stock after selling 2,946 shares during the period. Yousif Capital Management LLC’s holdings in Honeywell International were worth $18,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Sargent Investment Group LLC boosted its holdings in Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the period. Old North State Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter valued at $210,000. Avitas Wealth Management LLC raised its stake in shares of Honeywell International by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 22,141 shares of the conglomerate’s stock valued at $5,001,000 after buying an additional 144 shares in the last quarter. Welch Group LLC raised its stake in shares of Honeywell International by 5.0% in the 4th quarter. Welch Group LLC now owns 7,405 shares of the conglomerate’s stock valued at $1,678,000 after buying an additional 352 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Honeywell International by 1.8% in the 4th quarter. Brown Lisle Cummings Inc. now owns 14,205 shares of the conglomerate’s stock valued at $3,209,000 after buying an additional 255 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, 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. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Stock Up 0.5 %

Shares of NASDAQ HON opened at $223.55 on Wednesday. The firm has a market capitalization of $145.36 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. 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 1 year low of $189.75 and a 1 year high of $242.77. The firm’s 50-day moving average is $225.75 and its 200-day moving average is $215.12.

Honeywell International Company 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.