Smith Salley Wealth Management Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Smith Salley Wealth Management reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 76.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,647 shares of the conglomerate’s stock after selling 51,506 shares during the period. Smith Salley Wealth Management’s holdings in Honeywell International were worth $3,535,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter valued at $29,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Honeywell International in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Barclays upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Price Performance

HON opened at $222.58 on Friday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company’s 50 day simple moving average is $227.06 and its 200 day simple moving average is $214.44. The stock has a market capitalization of $144.73 billion, a PE ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

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.