Mon Sep 09 14:11:06 UTC 2024: ## Certuity LLC Cuts Stake in Honeywell International, Other Investors Adjust Holdings

**New York, NY (MarketBeat News) -** Certuity LLC has reduced its stake in Honeywell International Inc. (HON) by 8.8% during the second quarter, according to a recent SEC filing. The firm now owns 1,898 shares of the conglomerate, worth approximately $405,000.

This move comes as several other institutional investors and hedge funds have adjusted their positions in Honeywell International. Notably, Price T Rowe Associates Inc. MD boosted its holdings by 22.3% in the first quarter, now owning 9,587,718 shares valued at $1,967,880,000. Other notable increases include Northern Trust Corp (0.3% in Q4), Capital Research Global Investors (6.7% in Q1), Janus Henderson Group PLC (8.1% in Q1), and Dimensional Fund Advisors LP (12.2% in Q4).

Honeywell International’s stock opened at $198.13 on Monday. The company boasts a market cap of $129.02 billion and a PE ratio of 22.96. The firm recently announced a quarterly dividend of $1.08 per share, payable on September 6th.

Analysts’ opinions on HON are mixed. StockNews.com downgraded the stock from “buy” to “hold”, while Morgan Stanley initiated coverage with an “equal weight” rating and a $210.00 target price. Other analysts, including Royal Bank of Canada, Wells Fargo & Company, and Daiwa America, have also issued reports with varying ratings and target prices.

Overall, the stock has a consensus rating of “Hold” and a consensus price target of $223.13, according to MarketBeat.

Honeywell International Inc. is a global leader in aerospace technologies, building automation, energy and sustainable solutions, and industrial automation. The company’s diverse operations provide a wide range of products and services for various industries.

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