Bank of Hawaii trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,649 shares of the conglomerate's stock after selling 9,503 shares during the quarter. Bank of Hawaii's holdings in Honeywell International were worth $8,196,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of HON. Quent Capital LLC lifted its position in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate's stock valued at $353,000 after acquiring an additional 77 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $263,000. Waverly Advisors LLC increased its stake in Honeywell International by 35.2% in the first quarter. Waverly Advisors LLC now owns 11,746 shares of the conglomerate's stock valued at $2,411,000 after purchasing an additional 3,055 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Honeywell International by 9.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 69,565 shares of the conglomerate's stock valued at $14,278,000 after purchasing an additional 6,009 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co acquired a new position in Honeywell International in the first quarter valued at $1,037,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Barclays upped their target price on Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Wolfe Research lowered Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Finally, StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $241.45.
View Our Latest Analysis on HON
Honeywell International Stock Up 0.7 %
Shares of HON stock traded up $1.49 during trading hours on Monday, reaching $230.60. The company had a trading volume of 3,833,959 shares, compared to its average volume of 3,131,359. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market capitalization of $149.95 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The stock's fifty day simple moving average is $214.38 and its 200 day simple moving average is $209.27.
Honeywell International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio (DPR) is 52.19%.
About Honeywell International
(
Free Report)
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.
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