Advisors Preferred LLC Sells 764 Shares of Honeywell International Inc. (NASDAQ:HON)

Advisors Preferred LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,892 shares of the conglomerate’s stock after selling 764 shares during the quarter. Advisors Preferred LLC’s holdings in Honeywell International were worth $427,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC increased its position in shares of Honeywell International by 6.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 38,889 shares of the conglomerate’s stock valued at $8,785,000 after purchasing an additional 2,220 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Honeywell International by 23.5% during the 4th quarter. Apollon Wealth Management LLC now owns 51,221 shares of the conglomerate’s stock valued at $11,570,000 after purchasing an additional 9,744 shares during the last quarter. Apollon Financial LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $361,000. Westbourne Investment Advisors Inc. increased its position in shares of Honeywell International by 4.7% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 2,695 shares of the conglomerate’s stock valued at $609,000 after purchasing an additional 120 shares during the last quarter. Finally, Vest Financial LLC increased its position in shares of Honeywell International by 15.7% during the 4th quarter. Vest Financial LLC now owns 6,508 shares of the conglomerate’s stock valued at $1,470,000 after purchasing an additional 884 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HON has been the topic of several recent research reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $248.86.

Honeywell International Stock Down 2.0 %

Shares of Honeywell International stock opened at $205.52 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The company has a 50-day moving average of $224.52 and a 200 day moving average of $215.11. The firm has a market cap of $133.64 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

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.