Jackson Square Capital LLC Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Jackson Square Capital LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.4% in the third quarter, Holdings Channel reports. The firm owned 10,043 shares of the conglomerate’s stock after selling 1,039 shares during the period. Jackson Square Capital LLC’s holdings in Honeywell International were worth $2,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Management Group Inc. ADV boosted its stake in shares of Honeywell International by 10.1% in the third quarter. Advisors Management Group Inc. ADV now owns 25,317 shares of the conglomerate’s stock worth $5,233,000 after acquiring an additional 2,316 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Honeywell International in the 3rd quarter valued at $472,000. JNBA Financial Advisors grew its holdings in shares of Honeywell International by 4.9% during the third quarter. JNBA Financial Advisors now owns 2,071 shares of the conglomerate’s stock worth $428,000 after buying an additional 97 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Honeywell International by 14.9% in the third quarter. Concurrent Investment Advisors LLC now owns 20,144 shares of the conglomerate’s stock valued at $4,164,000 after buying an additional 2,605 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its stake in shares of Honeywell International by 6.1% in the third quarter. Centennial Wealth Advisory LLC now owns 1,133 shares of the conglomerate’s stock worth $234,000 after buying an additional 65 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. 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 research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Up 3.6 %

Honeywell International stock opened at $216.40 on Thursday. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a 50 day moving average price of $208.31 and a 200 day moving average price of $206.25. The company has a market capitalization of $140.71 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. 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 2.09%. Honeywell International’s dividend payout ratio is 49.88%.

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.