Ferguson Wellman Capital Management Inc. Has $42.59 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Ferguson Wellman Capital Management Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,021 shares of the conglomerate's stock after selling 41,568 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Honeywell International were worth $42,587,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate's stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. Ameriprise Financial Inc. increased its holdings in Honeywell International by 3.9% in 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 period. Legal & General Group Plc increased 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 buying an additional 42,305 shares during the period. Capital Research Global Investors boosted its position in shares of Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate's stock valued at $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate's stock valued at $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 1.0 %

Shares of NASDAQ HON traded down $2.40 during mid-day trading on Thursday, reaching $230.67. 3,836,966 shares of the company's stock were exchanged, compared to its average volume of 3,100,299. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $210.22 and a 200 day simple moving average of $207.34. Honeywell International Inc. has a twelve month low of $188.78 and a twelve month high of $242.77. The firm has a market capitalization of $149.99 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. Honeywell International's dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HON shares. Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. 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, Honeywell International 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.