Accel Wealth Management Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Accel Wealth Management reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,951 shares of the conglomerate’s stock after selling 124 shares during the period. Accel Wealth Management’s holdings in Honeywell International were worth $667,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC increased its position in Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after buying an additional 575,865 shares in the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Honeywell International by 146.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate’s stock worth $127,826,000 after acquiring an additional 336,296 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HON. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upped 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. Eleven equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $221.51 on Friday. The business has a 50-day moving average price of $226.38 and a 200 day moving average price of $214.83. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $144.04 billion, a PE ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.06.

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.