Godsey & Gibb Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Godsey & Gibb Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,840 shares of the conglomerate’s stock after selling 100 shares during the quarter. Godsey & Gibb Inc.’s holdings in Honeywell International were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HON. Advisors Management Group Inc. ADV lifted its position in Honeywell International by 0.7% during the fourth quarter. Advisors Management Group Inc. ADV now owns 25,493 shares of the conglomerate’s stock valued at $5,759,000 after purchasing an additional 176 shares in the last quarter. ARS Wealth Advisors Group LLC raised its stake in shares of Honeywell International by 1.0% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 78,659 shares of the conglomerate’s stock worth $17,768,000 after buying an additional 780 shares during the period. Apella Capital LLC lifted its position in shares of Honeywell International by 13.8% during the 4th quarter. Apella Capital LLC now owns 1,893 shares of the conglomerate’s stock valued at $428,000 after buying an additional 229 shares in the last quarter. Brendel Financial Advisors LLC bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $204,000. Finally, Founders Grove Wealth Partners LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $254,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday. Citigroup cut 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. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $247.93.

Honeywell International Stock Up 0.5 %

Shares of HON opened at $219.54 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market capitalization of $142.76 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The business’s 50 day simple moving average is $226.83 and its 200-day simple moving average is $214.27.

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.