Broderick Brian C Has $1.04 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Broderick Brian C decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 60.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,025 shares of the conglomerate's stock after selling 7,614 shares during the quarter. Broderick Brian C's holdings in Honeywell International were worth $1,039,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new position in Honeywell International in the first quarter valued at $26,000. Reston Wealth Management LLC bought a new position in Honeywell International during the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $1.12 during trading on Friday, hitting $229.55. 1,842,542 shares of the company were exchanged, compared to its average volume of 3,094,638. 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 $149.26 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.77 and a beta of 1.03. The firm's fifty day moving average price is $210.77 and its 200 day moving average price is $207.50. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is currently 49.88%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HON. UBS Group restated a "buy" rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday. Citigroup lowered their price target on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a report on Wednesday. Robert W. Baird cut Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average price target of $241.45.

Honeywell International 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.