Accredited Investors Inc. Sells 82 Shares of Honeywell International Inc. (NASDAQ:HON)

Accredited Investors Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 2,011 shares of the conglomerate’s stock after selling 82 shares during the period. Accredited Investors Inc.’s holdings in Honeywell International were worth $416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $392,478,000. Price T Rowe Associates Inc. MD increased its position in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC boosted its position in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares during the period. Finally, Natixis increased its position in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. Barclays increased their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Robert W. Baird downgraded 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 research report on Friday, October 25th. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Honeywell International stock opened at $228.99 on Friday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The firm’s 50 day simple moving average is $211.39 and its 200 day simple moving average is $207.85.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Honeywell International 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.