Leavell Investment Management Inc. Has $8.02 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Leavell Investment Management Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,499 shares of the conglomerate’s stock after selling 1,000 shares during the period. Leavell Investment Management Inc.’s holdings in Honeywell International were worth $8,019,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Portfolio Design Labs LLC grew its stake in shares of Honeywell International by 52.1% during the fourth quarter. Portfolio Design Labs LLC now owns 18,083 shares of the conglomerate’s stock worth $4,085,000 after purchasing an additional 6,196 shares during the period. New Republic Capital LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $230,000. Single Point Partners LLC bought a new position in Honeywell International during the fourth quarter worth about $239,000. Stonebridge Financial Group LLC bought a new position in Honeywell International during the fourth quarter worth about $534,000. Finally, Essex Financial Services Inc. lifted its holdings in Honeywell International by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 12,363 shares of the conglomerate’s stock worth $2,793,000 after acquiring an additional 1,360 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HON shares. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Price Performance

NASDAQ:HON opened at $206.94 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. The stock’s 50-day simple moving average is $224.09 and its 200 day simple moving average is $215.15. The company has a market cap of $134.56 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

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

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

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.