Toronto Dominion Bank Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Toronto Dominion Bank decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,011 shares of the conglomerate’s stock after selling 18,998 shares during the quarter. Toronto Dominion Bank’s holdings in Honeywell International were worth $67,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. RIA Advisory Group LLC purchased a new stake in Honeywell International during the 3rd quarter worth about $6,124,000. EP Wealth Advisors LLC increased its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Honeywell International by 24.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after purchasing an additional 5,750 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.8 %

NASDAQ HON opened at $229.08 on Wednesday. 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 12 month low of $189.66 and a 12 month high of $242.77. The stock’s 50 day moving average is $219.12 and its 200 day moving average is $211.03. The stock has a market cap of $148.96 billion, a PE ratio of 26.45, a P/E/G ratio of 2.82 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Wall Street Analysts Forecast Growth

HON has been the subject of several research reports. Barclays upped their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Robert W. Baird downgraded 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. Finally, Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $244.36.

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.