Compass Wealth Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,624 shares of the conglomerate’s stock after selling 225 shares during the period. Compass Wealth Management LLC’s holdings in Honeywell International were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in HON. Toth Financial Advisory Corp grew its position in shares of Honeywell International by 11.2% in the fourth quarter. Toth Financial Advisory Corp now owns 18,395 shares of the conglomerate’s stock valued at $4,155,000 after purchasing an additional 1,859 shares during the period. CFS Investment Advisory Services LLC acquired a new stake in Honeywell International in the 4th quarter worth about $243,000. GSB Wealth Management LLC increased its stake in Honeywell International by 10.2% during the 4th quarter. GSB Wealth Management LLC now owns 10,799 shares of the conglomerate’s stock worth $2,439,000 after buying an additional 996 shares in the last quarter. Grimes & Company Inc. lifted its position in shares of Honeywell International by 8.5% in the fourth quarter. Grimes & Company Inc. now owns 7,519 shares of the conglomerate’s stock valued at $1,699,000 after acquiring an additional 587 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Honeywell International by 3.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 23,256 shares of the conglomerate’s stock worth $5,253,000 after acquiring an additional 782 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on HON shares. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Eleven investment 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 company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $248.29.
Honeywell International Trading Down 1.8 %
HON opened at $221.51 on Friday. The business has a fifty day simple moving average of $226.38 and a 200-day simple moving average of $214.83. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $144.04 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06.
Honeywell International Company 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.
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