HCR Wealth Advisors Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

HCR Wealth Advisors trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,369 shares of the conglomerate’s stock after selling 210 shares during the quarter. HCR Wealth Advisors’ holdings in Honeywell International were worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HON. Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares during the last quarter. ZRC Wealth Management LLC grew its stake in shares of 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 purchasing an additional 50 shares during the period. CFM Wealth Partners LLC increased its stake in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after acquiring an additional 50 shares during the last quarter. Jacobsen Capital Management raised its holdings in Honeywell International by 5.2% in the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after purchasing an additional 50 shares during the period. Finally, Mengis Capital Management Inc. lifted its holdings in Honeywell International by 0.4% during the third quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock worth $2,517,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $247.93.

Honeywell International Trading Up 0.5 %

NASDAQ:HON opened at $219.54 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The firm has a market capitalization of $142.76 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The business has a fifty day moving average price of $226.83 and a 200-day moving average price of $214.27.

About Honeywell International

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.