Turtle Creek Wealth Advisors LLC Sells 97 Shares of Honeywell International Inc. (NASDAQ:HON)

Turtle Creek Wealth Advisors LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,438 shares of the conglomerate’s stock after selling 97 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Honeywell International were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter worth approximately $29,000. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the first quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HON shares. Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, UBS Group reissued 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. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Down 0.2 %

Honeywell International stock traded down $0.55 during midday trading on Friday, hitting $228.99. 3,707,893 shares of the company’s stock were exchanged, compared to its average volume of 3,103,041. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. 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 company has a market cap of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The firm has a 50-day moving average of $211.39 and a two-hundred day moving average of $207.74.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s 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.