Insigneo Advisory Services LLC Sells 631 Shares of Honeywell International Inc. (NASDAQ:HON)

Insigneo Advisory Services LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,111 shares of the conglomerate’s stock after selling 631 shares during the period. Honeywell International makes up approximately 0.5% of Insigneo Advisory Services LLC’s holdings, making the stock its 26th biggest position. Insigneo Advisory Services LLC’s holdings in Honeywell International were worth $5,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC lifted its holdings in shares of Honeywell International by 6.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 84,325 shares of the conglomerate’s stock worth $17,431,000 after acquiring an additional 4,945 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Honeywell International during the 3rd quarter worth about $434,000. Soros Fund Management LLC lifted its holdings in shares of Honeywell International by 18.3% during the 3rd quarter. Soros Fund Management LLC now owns 92,828 shares of the conglomerate’s stock worth $19,188,000 after acquiring an additional 14,389 shares during the period. Finally, State Street Corp lifted its holdings in shares of Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after acquiring an additional 92,112 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $242.18.

Honeywell International Price Performance

NASDAQ HON opened at $226.29 on Friday. 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 Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market capitalization of $147.15 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. The firm’s 50 day moving average is $218.38 and its 200-day moving average is $210.59.

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 issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Honeywell International Company 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.