Honeywell International Inc. (NASDAQ:HON) Position Reduced by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,002 shares of the conglomerate’s stock after selling 172 shares during the period. Sawgrass Asset Management LLC’s holdings in Honeywell International were worth $2,274,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Schear Investment Advisers LLC lifted its stake in Honeywell International by 8.6% during the third quarter. Schear Investment Advisers LLC now owns 6,712 shares of the conglomerate’s stock worth $1,387,000 after purchasing an additional 529 shares during the last quarter. River Street Advisors LLC lifted its position in shares of Honeywell International by 5.8% in the 3rd quarter. River Street Advisors LLC now owns 5,404 shares of the conglomerate’s stock worth $1,117,000 after buying an additional 295 shares during the last quarter. RIA Advisory Group LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $6,124,000. Natixis Advisors LLC grew its position in shares of Honeywell International by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 628,077 shares of the conglomerate’s stock valued at $129,830,000 after buying an additional 7,499 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

Shares of HON stock opened at $228.99 on Friday. The stock has a 50-day simple moving average of $211.39 and a 200 day simple moving average of $207.85. The stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. 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 quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm 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 $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered 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. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, 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 research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $241.45.

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.