John G Ullman & Associates Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

John G Ullman & Associates Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,006 shares of the conglomerate’s stock after selling 263 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Honeywell International were worth $6,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HON. German American Bancorp Inc. raised its holdings in Honeywell International by 11.8% in the 3rd quarter. German American Bancorp Inc. now owns 30,988 shares of the conglomerate’s stock valued at $6,406,000 after acquiring an additional 3,281 shares during the last quarter. Intech Investment Management LLC increased its stake in Honeywell International by 4.2% in the third quarter. Intech Investment Management LLC now owns 38,170 shares of the conglomerate’s stock valued at $7,890,000 after purchasing an additional 1,544 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Honeywell International by 5.9% during the third quarter. Citizens Financial Group Inc. RI now owns 92,355 shares of the conglomerate’s stock worth $19,091,000 after buying an additional 5,144 shares during the period. Moors & Cabot Inc. boosted its stake in Honeywell International by 2.9% in the 3rd quarter. Moors & Cabot Inc. now owns 25,987 shares of the conglomerate’s stock worth $5,372,000 after buying an additional 726 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Honeywell International in the 3rd quarter valued at about $2,765,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.7 %

HON opened at $226.67 on Thursday. The firm has a market capitalization of $147.39 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.71 and a beta of 1.03. The firm’s 50 day moving average is $212.94 and its 200-day moving average is $208.54. 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 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International 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.