Argent Capital Management LLC Sells 2,975 Shares of Honeywell International Inc. (NASDAQ:HON)

Argent Capital Management LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 38.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,685 shares of the conglomerate’s stock after selling 2,975 shares during the period. Argent Capital Management LLC’s holdings in Honeywell International were worth $1,058,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HON. Edgestream Partners L.P. acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $1,864,000. E Fund Management Co. Ltd. lifted its stake in shares of Honeywell International by 1.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock worth $1,398,000 after buying an additional 97 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Honeywell International by 9.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock worth $18,456,000 after acquiring an additional 7,668 shares during the period. Meiji Yasuda Life Insurance Co increased its position in Honeywell International by 664.6% during the second quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock worth $8,249,000 after acquiring an additional 33,576 shares during the period. Finally, Argent Trust Co increased its position in Honeywell International by 0.3% during the second quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock worth $21,031,000 after acquiring an additional 335 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. UBS Group reiterated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $247.93.

Honeywell International Trading Up 0.5 %

Shares of HON stock opened at $219.54 on Thursday. The company has a 50 day moving average of $226.83 and a 200-day moving average of $214.27. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a market cap of $142.76 billion, a P/E ratio of 25.35, a PEG ratio of 2.85 and a beta of 1.06.

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.