Honeywell International Inc. (NASDAQ:HON) Stock Position Lessened by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the third quarter, Holdings Channel.com reports. The firm owned 28,965 shares of the conglomerate’s stock after selling 1,521 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Honeywell International were worth $5,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter valued at approximately $26,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International during the 1st quarter valued at $39,000. New Covenant Trust Company N.A. acquired a new position in shares of Honeywell International during the 1st quarter valued at $42,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.9 %

NASDAQ:HON opened at $204.20 on Thursday. The stock’s 50-day moving average is $207.71 and its two-hundred day moving average is $205.64. 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 has a market cap of $132.97 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $179.18 and a fifty-two week high of $222.98.

Honeywell International Increases Dividend

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

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target 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.