Griffin Asset Management Inc. Sells 381 Shares of Honeywell International Inc. (NASDAQ:HON)

Griffin Asset Management Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 49,247 shares of the conglomerate’s stock after selling 381 shares during the quarter. Honeywell International accounts for about 1.3% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Griffin Asset Management Inc.’s holdings in Honeywell International were worth $11,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA increased its holdings in Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares in the last quarter. RIA Advisory Group LLC bought a new stake in Honeywell International during the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the third quarter worth $454,000. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in 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. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.77 on Tuesday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. 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 has a fifty day simple moving average of $226.38 and a two-hundred day simple moving average of $214.86. The company has a market capitalization of $146.80 billion, a P/E ratio of 26.07, a P/E/G ratio of 2.56 and a beta of 1.06.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Eleven research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $248.29.

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.