Navellier & Associates Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Navellier & Associates Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,885 shares of the conglomerate’s stock after selling 486 shares during the quarter. Navellier & Associates Inc.’s holdings in Honeywell International were worth $596,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HON. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp raised its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International during the second quarter valued at approximately $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HON. Royal Bank of Canada raised their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $225.79 on Friday. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a market cap of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 and a beta of 1.03. 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 business’s 50 day moving average price is $213.36 and its 200 day moving average price is $208.66.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

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.