Brookmont Capital Management Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Brookmont Capital Management reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,958 shares of the conglomerate’s stock after selling 435 shares during the period. Honeywell International makes up about 2.5% of Brookmont Capital Management’s investment portfolio, making the stock its 7th largest position. Brookmont Capital Management’s holdings in Honeywell International were worth $4,734,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. increased its stake in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 47 shares during the period. Absher Wealth Management LLC increased its stake in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares during the period. ZRC Wealth Management LLC increased its stake in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the period. CFM Wealth Partners LLC increased its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares during the period. Finally, Jacobsen Capital Management increased its stake in Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after acquiring an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

HON stock opened at $222.58 on Tuesday. The stock has a 50-day moving average price of $227.06 and a 200-day moving average price of $214.47. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap 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.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $248.29.

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.