Hara Capital LLC Sells 740 Shares of Honeywell International Inc. (NASDAQ:HON)

Hara Capital LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 41.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,034 shares of the conglomerate’s stock after selling 740 shares during the period. Hara Capital LLC’s holdings in Honeywell International were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new position in Honeywell International during the 1st quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter valued at $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the 1st quarter valued at $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Honeywell International during the 1st quarter valued at $42,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded down $0.05 on Thursday, hitting $216.35. 284,122 shares of the company traded hands, compared to its average volume of 2,993,647. The company has a market capitalization of $140.68 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $208.31 and its 200-day moving average price is $206.25. Honeywell International Inc. has a 52-week low of $183.20 and a 52-week high of $222.98.

Honeywell International Increases Dividend

The business also recently announced 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. The ex-dividend date 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 2.09%. Honeywell International’s payout ratio is 49.88%.

Analysts Set New Price Targets

Several analysts have commented on the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America restated a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus target price of $223.73.

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.