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

Campbell Newman Asset Management Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.1% during the fourth quarter, according to 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 makes up 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Honeywell International during the third quarter valued at $29,000. Financial Avengers Inc. increased its position in 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 buying an additional 50 shares during 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 acquiring an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International in the third quarter worth about $41,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays decreased their price target on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price 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. Finally, Citigroup dropped their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $247.93.

Honeywell International Stock Up 0.7 %

Honeywell International stock traded up $1.48 during trading hours on Wednesday, hitting $219.98. 210,640 shares of the stock traded hands, compared to its average volume of 3,095,052. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a market cap of $143.04 billion, a PE ratio of 25.40, a PEG ratio of 2.85 and a beta of 1.06. The firm’s 50-day moving average price is $226.83 and its two-hundred day moving average price is $214.27. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

About Honeywell International

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.