Murphy Middleton Hinkle & Parker Inc. Sells 488 Shares of Honeywell International Inc. (NASDAQ:HON)

Murphy Middleton Hinkle & Parker Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,087 shares of the conglomerate’s stock after selling 488 shares during the quarter. Murphy Middleton Hinkle & Parker Inc.’s holdings in Honeywell International were worth $1,601,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the third quarter valued at about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at about $29,000. Financial Avengers Inc. lifted its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp boosted 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 valued at $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in Honeywell International during the third quarter valued at approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON opened at $222.58 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a 50 day moving average of $227.06 and a two-hundred day moving average of $214.44. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HON. JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays increased their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $248.29.

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.