Platform Technology Partners Sells 188 Shares of Honeywell International Inc. (NASDAQ:HON)

Platform Technology Partners decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 5,234 shares of the conglomerate’s stock after selling 188 shares during the quarter. Platform Technology Partners’ holdings in Honeywell International were worth $1,082,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Honeywell International by 0.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,866,827 shares of the conglomerate’s stock valued at $385,892,000 after purchasing an additional 17,428 shares during the period. WealthPlan Investment Management LLC increased its position in Honeywell International by 39.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 2,225 shares of the conglomerate’s stock valued at $460,000 after buying an additional 625 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Honeywell International during the 3rd quarter worth approximately $414,000. Harbour Investments Inc. boosted its holdings in Honeywell International by 5.3% in the third quarter. Harbour Investments Inc. now owns 11,018 shares of the conglomerate’s stock worth $2,278,000 after acquiring an additional 553 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Honeywell International in the third quarter valued at approximately $998,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HON. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Bank of America restated a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Citigroup reduced their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Finally, Barclays cut their price target 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. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Price Performance

Honeywell International stock opened at $225.24 on Tuesday. Honeywell International Inc. has a 52 week low of $185.71 and a 52 week high of $225.32. The company’s 50 day moving average price is $209.09 and its two-hundred day moving average price is $206.87. The stock has a market cap of $146.46 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.61 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

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.