Crescent Sterling Ltd. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Crescent Sterling Ltd. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,943 shares of the conglomerate’s stock after selling 46 shares during the quarter. Honeywell International comprises about 1.6% of Crescent Sterling Ltd.’s portfolio, making the stock its 20th largest position. Crescent Sterling Ltd.’s holdings in Honeywell International were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Absher Wealth Management LLC raised its position in shares of Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the period. ZRC Wealth Management LLC increased its stake in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the last quarter. CFM Wealth Partners LLC raised its position in Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares during the period. Jacobsen Capital Management lifted its stake in shares of Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares during the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in shares of Honeywell International by 0.4% during the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock worth $2,517,000 after purchasing an additional 50 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company cut their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Citigroup increased their price objective on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Eleven investment 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $248.21.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $218.19 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $226.40 and a 200 day moving average price of $214.20. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market cap of $141.88 billion, a P/E ratio of 25.20, a PEG ratio of 2.85 and a beta of 1.06.

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.