Absher Wealth Management LLC Has $440,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Absher Wealth Management LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,950 shares of the conglomerate’s stock after selling 49 shares during the quarter. Absher Wealth Management LLC’s holdings in Honeywell International were worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. State Street Corp lifted its stake in Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after buying an additional 92,112 shares in the last quarter. Wellington Management Group LLP increased its holdings in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Honeywell International by 7.2% in the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after purchasing an additional 265,789 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Honeywell International by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after buying an additional 42,287 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. Barclays upped their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Trading Down 0.5 %

NASDAQ:HON opened at $222.35 on Thursday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The firm’s fifty day moving average is $225.61 and its 200-day moving average is $215.18. The firm has a market cap of $144.58 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.57 and a beta of 1.05. 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.