Tradition Wealth Management LLC Sells 596 Shares of Honeywell International Inc. (NASDAQ:HON)

Tradition Wealth Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,818 shares of the conglomerate’s stock after selling 596 shares during the period. Tradition Wealth Management LLC’s holdings in Honeywell International were worth $996,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter valued at $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter worth $38,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Honeywell International during the second quarter valued at $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Bank of America boosted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company raised their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

NASDAQ HON opened at $232.93 on Monday. The company has a market cap of $151.46 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03. The business’s 50 day moving average price is $216.57 and its 200-day moving average price is $210.03. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared 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. This represents a $4.52 annualized dividend and a yield of 1.94%. The ex-dividend date 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 currently 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.