Mizuho Securities USA LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Mizuho Securities USA LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 15.9% during the third quarter, HoldingsChannel.com reports. The firm owned 42,226 shares of the conglomerate’s stock after selling 7,980 shares during the period. Mizuho Securities USA LLC’s holdings in Honeywell International were worth $8,729,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of Honeywell International by 13.2% in the 3rd quarter. Pacer Advisors Inc. now owns 102,160 shares of the conglomerate’s stock valued at $21,117,000 after purchasing an additional 11,873 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at about $301,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Honeywell International by 21.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,000 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 348 shares in the last quarter. LPL Financial LLC raised its stake in shares of Honeywell International by 6.5% in the 3rd quarter. LPL Financial LLC now owns 693,852 shares of the conglomerate’s stock valued at $143,426,000 after purchasing an additional 42,256 shares in the last quarter. Finally, Tradewinds LLC. raised its stake in shares of Honeywell International by 6.7% in the 3rd quarter. Tradewinds LLC. now owns 27,788 shares of the conglomerate’s stock valued at $5,744,000 after purchasing an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.7 %

Honeywell International stock opened at $226.67 on Thursday. The company has a market capitalization of $147.39 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.71 and a beta of 1.03. The firm’s fifty day simple moving average is $212.94 and its 200-day simple moving average is $208.54. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. 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 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group restated a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $241.45.

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.