Campbell Newman Asset Management Inc. Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Campbell Newman Asset Management Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,128 shares of the conglomerate's stock after selling 6,426 shares during the period. Honeywell International accounts for 1.5% of Campbell Newman Asset Management Inc.'s investment 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 & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HON. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after buying an additional 944,876 shares during the period. Mizuho Securities USA LLC grew its stake in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock valued at $129,415,000 after buying an additional 575,865 shares in the last quarter. Geode Capital Management LLC raised its holdings in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after acquiring an additional 547,998 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock worth $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HON shares. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday. Royal Bank of Canada restated a "sector perform" rating and issued a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Wells Fargo & Company cut their price target on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com cut shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and an average target price of $247.93.

Honeywell International Trading Up 0.5 %

Shares of NASDAQ HON traded up $1.04 during mid-day trading on Wednesday, hitting $219.54. The stock had a trading volume of 4,645,320 shares, compared to its average volume of 3,562,540. The firm has a market cap of $142.76 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.85 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. The business has a 50 day moving average price of $226.83 and a two-hundred day moving average price of $214.27. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

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.