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

Chemung Canal Trust Co. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,355 shares of the conglomerate’s stock after selling 1,510 shares during the period. Honeywell International makes up about 1.2% of Chemung Canal Trust Co.’s portfolio, making the stock its 27th biggest holding. Chemung Canal Trust Co.’s holdings in Honeywell International were worth $5,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $221.51 on Friday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market cap of $144.04 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $226.53 and its 200-day moving average price is $214.76.

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. Barclays boosted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their target price 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, January 15th. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.