Glenmede Trust Co. NA Trims Position in Honeywell International Inc. (NASDAQ:HON)

Glenmede Trust Co. NA reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 402,789 shares of the conglomerate’s stock after selling 4,955 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.06% of Honeywell International worth $83,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Honeywell International during the 3rd quarter worth $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.1 %

NASDAQ:HON opened at $230.40 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of $149.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.74 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The business has a 50 day simple moving average of $214.90 and a 200 day simple moving average of $209.46.

Honeywell International Increases Dividend

The company 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 $1.13 dividend. 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 yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HON shares. 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 research report on Wednesday, November 13th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Citigroup decreased their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays lifted their price target on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, UBS Group reissued a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently 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.