Moloney Securities Asset Management LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Moloney Securities Asset Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,211 shares of the conglomerate’s stock after selling 308 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Honeywell International were worth $2,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC raised its position in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Honeywell International in the 1st quarter worth about $1,398,000. Koshinski Asset Management Inc. grew its stake in Honeywell International by 237.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after acquiring an additional 3,970 shares during the period. Finally, Burke & Herbert Bank & Trust Co. increased its stake in shares of Honeywell International by 167.2% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock worth $1,600,000 after purchasing an additional 4,687 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several research reports. Wells Fargo & Company boosted their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Down 0.8 %

NASDAQ HON opened at $207.54 on Tuesday. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. The firm has a 50 day moving average of $208.03 and a two-hundred day moving average of $206.07. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $134.95 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Honeywell International Company 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.