Honeywell International Inc. (NASDAQ:HON) Position Cut by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 38.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,167 shares of the conglomerate’s stock after selling 16,429 shares during the quarter. Integrated Advisors Network LLC’s holdings in Honeywell International were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Cypress Wealth Services LLC raised its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares in the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the period. ZRC Wealth Management LLC boosted its stake in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares in the last quarter. Finally, Quent Capital LLC raised its position in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 1.0 %

Shares of HON stock opened at $203.96 on Tuesday. Honeywell International Inc. has a 52-week low of $176.60 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market cap of $132.82 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.45 and a beta of 1.03. The firm’s 50-day moving average is $207.53 and its 200-day moving average is $205.58.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HON. Royal Bank of Canada lowered their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday. Barclays decreased their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $223.73.

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.