Goelzer Investment Management Inc. Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Goelzer Investment Management Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,877 shares of the conglomerate’s stock after selling 200 shares during the period. Goelzer Investment Management Inc.’s holdings in Honeywell International were worth $5,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC raised its holdings in Honeywell International by 199.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,084 shares of the conglomerate’s stock worth $3,181,000 after purchasing an additional 9,373 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $529,000. Encompass More Asset Management lifted its holdings in shares of Honeywell International by 17.3% in the 4th quarter. Encompass More Asset Management now owns 2,280 shares of the conglomerate’s stock valued at $515,000 after buying an additional 337 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Honeywell International by 51.6% in the fourth quarter. Sound Income Strategies LLC now owns 1,013 shares of the conglomerate’s stock valued at $229,000 after buying an additional 345 shares in the last quarter. Finally, RFG Advisory LLC grew its holdings in Honeywell International by 11.6% during the fourth quarter. RFG Advisory LLC now owns 2,872 shares of the conglomerate’s stock worth $649,000 after acquiring an additional 299 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.8 %

Shares of HON stock opened at $221.51 on Friday. The company has a market capitalization of $144.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.56 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $226.53 and a 200 day moving average price of $214.76. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com downgraded 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 report on Monday, October 28th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $248.29.

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.