Honeywell International Inc. (NASDAQ:HON) Shares Sold by Farmers Trust Co.

Farmers Trust Co. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,594 shares of the conglomerate’s stock after selling 1,161 shares during the period. Honeywell International accounts for about 1.5% of Farmers Trust Co.’s holdings, making the stock its 11th largest holding. Farmers Trust Co.’s holdings in Honeywell International were worth $7,814,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $29,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the third quarter worth about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Citigroup boosted their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, December 9th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Barclays cut their price target on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $248.21.

Honeywell International Price Performance

Honeywell International stock traded down $0.60 during mid-day trading on Wednesday, hitting $220.03. 1,414,362 shares of the company were exchanged, compared to its average volume of 2,577,097. 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 business’s 50 day simple moving average is $225.61 and its two-hundred day simple moving average is $214.10. The company has a market capitalization of $143.07 billion, a P/E ratio of 25.41, a PEG ratio of 2.85 and a beta of 1.06.

About Honeywell International

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.