Honeywell International Inc. (NASDAQ:HON) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,669 shares of the conglomerate's stock after selling 2,724 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Honeywell International were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Group Foundation acquired a new position in Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter worth about $29,000. Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 81 shares during the period. Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.2 %

Shares of NASDAQ:HON traded down $0.55 on Friday, hitting $228.99. 3,707,893 shares of the company's stock were exchanged, compared to its average volume of 3,103,041. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm's 50-day moving average is $211.39 and its 200 day moving average is $207.74.

Honeywell International Increases Dividend

The firm also recently declared 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. 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. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International's dividend payout ratio is 52.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research note on Wednesday. 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 target for the company. UBS Group reiterated a "buy" rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday. Robert W. Baird lowered Honeywell International from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Honeywell International presently has a consensus rating of "Hold" and an average target price of $241.45.

Honeywell International Company 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.