First City Capital Management Inc. Has $1.13 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

First City Capital Management Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,992 shares of the conglomerate’s stock after selling 295 shares during the quarter. First City Capital Management Inc.’s holdings in Honeywell International were worth $1,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Citizens Financial Corp lifted its holdings in shares of Honeywell International by 3.9% during the fourth quarter. First Citizens Financial Corp now owns 1,975 shares of the conglomerate’s stock worth $446,000 after buying an additional 74 shares in the last quarter. GAMMA Investing LLC grew its position in Honeywell International by 10.8% in the fourth quarter. GAMMA Investing LLC now owns 6,319 shares of the conglomerate’s stock valued at $1,427,000 after acquiring an additional 616 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Honeywell International by 5.1% in the 4th quarter. Versant Capital Management Inc now owns 3,353 shares of the conglomerate’s stock valued at $757,000 after purchasing an additional 162 shares in the last quarter. Old Port Advisors increased its position in Honeywell International by 0.5% during the 4th quarter. Old Port Advisors now owns 11,000 shares of the conglomerate’s stock worth $2,485,000 after purchasing an additional 56 shares in the last quarter. Finally, SK Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $235,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.6 %

Shares of HON traded up $1.44 during mid-day trading on Friday, reaching $226.96. The stock had a trading volume of 1,022,371 shares, compared to its average volume of 1,537,529. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The business’s fifty day moving average is $224.64 and its 200 day moving average is $213.89. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The firm has a market cap of $147.58 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.85 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $249.57.

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.