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Despite beating earnings, institutional investors are selling Honeywell shares, rating it a "Hold."
Institutional investors have been selling off shares of Honeywell International Inc. (HON).
Michael J. Puzo and others have reduced their stakes in the company.
Despite this, Honeywell recently beat earnings estimates, reporting $2.47 EPS compared to the expected $2.37.
The company, valued at $134.33 billion, focuses on aerospace, building automation, and energy solutions.
Its stock has a "Hold" rating and a price target of $249.08.
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A pesar de superar las ganancias, los inversores institucionales están vendiendo acciones de Honeywell, calificarlo de "Sostenido".