Honeywell International Inc. (NASDAQ:HON) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,060 shares of the conglomerate’s stock after selling 698 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Honeywell International were worth $4,147,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Honeywell International by 22.3% in the first 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 acquiring an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc lifted its holdings in Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares in the last quarter. Capital Research Global Investors increased its stake in 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 purchasing an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings 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 worth $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday. Barclays increased their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada lifted their price objective 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. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $228.00 on Friday. 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 company has a market cap of $148.26 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The firm has a 50 day simple moving average of $210.22 and a 200 day simple moving average of $207.34.

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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. 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. Honeywell International’s payout ratio is presently 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.