Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lessened by Pitcairn Co.

Pitcairn Co. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,011 shares of the conglomerate’s stock after selling 780 shares during the quarter. Pitcairn Co.’s holdings in Honeywell International were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Canopy Partners LLC boosted its holdings in shares of Honeywell International by 7.3% in the third quarter. Canopy Partners LLC now owns 2,653 shares of the conglomerate’s stock worth $548,000 after buying an additional 180 shares during the period. Kingsview Wealth Management LLC grew its position in Honeywell International by 0.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 36,669 shares of the conglomerate’s stock worth $7,580,000 after purchasing an additional 260 shares in the last quarter. Cerity Partners LLC raised its stake in Honeywell International by 20.4% during the 3rd quarter. Cerity Partners LLC now owns 473,340 shares of the conglomerate’s stock valued at $97,844,000 after purchasing an additional 80,039 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Honeywell International by 9.6% in the third quarter. Great Valley Advisor Group Inc. now owns 71,458 shares of the conglomerate’s stock valued at $14,771,000 after purchasing an additional 6,241 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its holdings in shares of Honeywell International by 7.7% during the third quarter. Nicolet Advisory Services LLC now owns 10,464 shares of the conglomerate’s stock valued at $2,123,000 after buying an additional 744 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.3 %

Shares of Honeywell International stock opened at $229.11 on Monday. The company has a market cap of $148.98 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.69 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company’s fifty day simple moving average is $213.86 and its 200-day simple moving average is $209.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Barclays increased their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. 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 note on Wednesday, November 13th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Nine equities research 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, the stock presently has a consensus rating of “Hold” and a consensus 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.