Cullen Investment Group LTD. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Cullen Investment Group LTD. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,543 shares of the conglomerate’s stock after selling 106 shares during the quarter. Cullen Investment Group LTD.’s holdings in Honeywell International were worth $574,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Absher Wealth Management LLC increased its holdings 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 purchasing an additional 49 shares during the last quarter. ZRC Wealth Management LLC grew its holdings 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 in the last quarter. CFM Wealth Partners LLC increased its position in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares during the last quarter. Jacobsen Capital Management raised its stake in shares of Honeywell International by 5.2% in the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its position in shares of Honeywell International by 0.4% during the third quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock worth $2,517,000 after purchasing an additional 50 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.4 %

HON opened at $219.10 on Tuesday. The stock has a market capitalization of $142.47 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.85 and a beta of 1.06. The firm’s fifty day simple moving average is $226.63 and its 200 day simple moving average is $214.23. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HON shares. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays dropped their price objective 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 price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Bank of America increased their price objective 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. Eleven research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $248.07.

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.