KMG Fiduciary Partners LLC Sells 135 Shares of Honeywell International Inc. (NASDAQ:HON)

KMG Fiduciary Partners LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,642 shares of the conglomerate’s stock after selling 135 shares during the period. KMG Fiduciary Partners LLC’s holdings in Honeywell International were worth $597,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter valued at $29,000. Financial Avengers Inc. lifted its holdings in shares of 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 buying an additional 50 shares during the period. Planning Capital Management Corp boosted its stake 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 last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the third quarter worth $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $222.58 on Friday. The stock has a 50-day moving average price of $227.00 and a 200 day moving average price of $214.36. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The stock has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06.

Wall Street Analysts Forecast Growth

HON has been the topic of several research reports. Barclays raised their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Citigroup dropped their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $248.29.

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.