Honeywell International Inc. (NASDAQ:HON) Holdings Lowered by Forte Capital LLC ADV

Forte Capital LLC ADV cut its stake in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,844 shares of the conglomerate’s stock after selling 139 shares during the period. Forte Capital LLC ADV’s holdings in Honeywell International were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HON. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares in the last quarter. Legal & General Group Plc grew its position in Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays decreased their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Bank of America restated a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley initiated coverage on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Price Performance

HON opened at $217.50 on Friday. The stock has a fifty day moving average price of $208.31 and a 200 day moving average price of $206.25. 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 Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The stock has a market cap of $141.43 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.47 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is currently 49.88%.

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.