Kennedy Investment Group Sells 120 Shares of Honeywell International Inc. (NASDAQ:HON)

Kennedy Investment Group reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,968 shares of the conglomerate’s stock after selling 120 shares during the quarter. Kennedy Investment Group’s holdings in Honeywell International were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Hoese & Co LLP purchased a new position in Honeywell International during the 4th quarter valued at $30,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON opened at $220.70 on Wednesday. The company’s 50-day moving average price is $226.32 and its 200 day moving average price is $214.94. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market cap of $143.51 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Robert W. Baird lowered 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 report on Friday, October 25th. Barclays raised their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. 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 stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $248.29.

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.