Smith Salley Wealth Management Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Smith Salley Wealth Management reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 76.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $1,961,070,000 after buying an additional 944,876 shares during the period. Mizuho Securities USA LLC boosted its stake in shares of Honeywell International by 1,147.0% in the third 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 grew its holdings in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after acquiring an additional 547,998 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Honeywell International by 3.9% in 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. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Barclays increased their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a report on Friday. UBS Group restated a "buy" rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Finally, Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $248.29.

Honeywell International Trading Down 0.0 %

Shares of HON stock traded down $0.11 during mid-day trading on Friday, reaching $222.58. The company's stock had a trading volume of 3,349,057 shares, compared to its average volume of 3,230,753. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company's 50 day simple moving average is $227.06 and its 200-day simple moving average is $214.45. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International 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.