Bourgeon Capital Management LLC Sells 1,189 Shares of Honeywell International Inc. (NASDAQ:HON)

Bourgeon Capital Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,849 shares of the conglomerate’s stock after selling 1,189 shares during the period. Honeywell International makes up about 3.2% of Bourgeon Capital Management LLC’s holdings, making the stock its 4th biggest holding. Bourgeon Capital Management LLC’s holdings in Honeywell International were worth $17,359,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter worth approximately $25,000. Hoese & Co LLP purchased a new stake in Honeywell International during the 4th quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. Wells Fargo & Company dropped their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Eleven equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Up 1.1 %

HON stock opened at $225.07 on Wednesday. The firm has a fifty day moving average price of $227.00 and a two-hundred day moving average price of $214.54. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market cap of $146.35 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.55 and a beta of 1.06.

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.