By otakuyassine3@gmail.com 
Campbell Newman Asset Management Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 84,128 shares of the conglomerate’s stock after selling 6,426 shares during the period. Honeywell International accounts for approximately 1.5% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 26th biggest holding. Campbell Newman Asset Management Inc.’s holdings in Honeywell International were worth $19,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth $29,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International in the 3rd quarter worth about $41,000. Institutional investors own 75.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Citigroup lowered their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $247.93.
Check Out Our Latest Report on HON
Honeywell International Trading Up 0.7 %
Shares of Honeywell International stock traded up $1.48 on Wednesday, reaching $219.98. The company had a trading volume of 210,640 shares, compared to its average volume of 3,095,052. The firm’s 50-day moving average price is $226.83 and its two-hundred day moving average price is $214.27. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The firm has a market cap of $143.04 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.85 and a beta of 1.06. 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 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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