Golden State Equity Partners Has $1.35 Million Position in Honeywell International Inc. (NASDAQ:HON)

Golden State Equity Partners decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the conglomerate’s stock after selling 169 shares during the quarter. Golden State Equity Partners’ holdings in Honeywell International were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter worth $39,000. New Covenant Trust Company N.A. acquired a new position in Honeywell International during the 1st quarter worth $42,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON stock traded down $1.67 during trading hours on Wednesday, hitting $204.31. 112,626 shares of the company’s stock were exchanged, compared to its average volume of 2,925,730. Honeywell International Inc. has a 52 week low of $179.18 and a 52 week high of $222.98. The stock has a market cap of $133.04 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock’s 50-day moving average is $207.65 and its 200-day moving average is $205.65.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is 52.38%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HON shares. Barclays decreased their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America reiterated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $223.73.

About Honeywell International

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.