Salem Investment Counselors Inc. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Salem Investment Counselors Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,374 shares of the conglomerate’s stock after selling 6,044 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Honeywell International were worth $11,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Acadian Asset Management LLC grew its stake in shares of Honeywell International by 36.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock valued at $1,252,000 after purchasing an additional 1,575 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Honeywell International in the second quarter worth $121,000. Envestnet Asset Management Inc. raised its holdings in shares of Honeywell International by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,057,508 shares of the conglomerate’s stock worth $225,820,000 after acquiring an additional 71,378 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Honeywell International by 25.8% in the second quarter. J.W. Cole Advisors Inc. now owns 15,100 shares of the conglomerate’s stock worth $3,224,000 after acquiring an additional 3,093 shares during the last quarter. Finally, Lyell Wealth Management LP raised its holdings in shares of Honeywell International by 1.4% in the second quarter. Lyell Wealth Management LP now owns 48,936 shares of the conglomerate’s stock worth $10,450,000 after acquiring an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.1 %

Shares of NASDAQ:HON traded up $2.43 during trading on Monday, hitting $220.62. The company’s stock had a trading volume of 780,001 shares, compared to its average volume of 2,711,214. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The stock’s 50-day moving average price is $226.40 and its two-hundred day moving average price is $214.20. The company has a market capitalization of $143.46 billion, a PE ratio of 25.48, a PEG ratio of 2.85 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HON shares. Wells Fargo & Company lowered their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group lifted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven investment 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.07.

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.