Old North State Trust LLC Has $682,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Old North State Trust LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,299 shares of the conglomerate’s stock after selling 75 shares during the quarter. Old North State Trust LLC’s holdings in Honeywell International were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Absher Wealth Management LLC boosted its position in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares in the last quarter. CFM Wealth Partners LLC increased its stake in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares in the last quarter. Jacobsen Capital Management boosted its stake in Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after acquiring an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in Honeywell International by 0.4% in the third quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock worth $2,517,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $227.69 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. The firm has a market capitalization of $148.06 billion, a P/E ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. The company has a 50-day moving average price of $220.58 and a 200-day moving average price of $211.47. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $1.13 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HON shares. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Barclays increased their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group reissued a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $248.77.

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.