Connable Office Inc. Sells 2,793 Shares of Honeywell International Inc. (NASDAQ:HON)

Connable Office Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,310 shares of the conglomerate's stock after selling 2,793 shares during the quarter. Connable Office Inc.'s holdings in Honeywell International were worth $3,371,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock worth $15,199,000 after buying an additional 52,830 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock valued at $6,039,000 after acquiring an additional 5,750 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock valued at $71,619,000 after acquiring an additional 8,687 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Honeywell International by 3.7% during the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate's stock worth $164,836,000 after purchasing an additional 28,812 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.2 %

Shares of Honeywell International stock traded down $0.55 on Friday, hitting $228.99. 3,672,737 shares of the company traded hands, compared to its average volume of 3,103,041. The company has a market cap of $148.90 billion, a PE ratio of 26.62, a PEG ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $210.77 and a 200 day moving average price of $207.50.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 an increase from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio is currently 49.88%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price target on the stock. Finally, Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.