Pathstone Holdings LLC Sells 4,862 Shares of Honeywell International Inc. (NASDAQ:HON)

Pathstone Holdings LLC reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,271 shares of the conglomerate's stock after selling 4,862 shares during the period. Pathstone Holdings LLC's holdings in Honeywell International were worth $17,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RIA Advisory Group LLC purchased a new position in Honeywell International during the 3rd quarter valued at approximately $6,124,000. EP Wealth Advisors LLC grew its stake in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock worth $72,044,000 after acquiring an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC grew 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 increased its position in Honeywell International by 24.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock valued at $6,039,000 after purchasing an additional 5,750 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock worth $71,619,000 after buying an additional 8,687 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.7 %

Shares of NASDAQ HON traded down $1.53 during midday trading on Wednesday, hitting $226.67. The stock had a trading volume of 4,632,620 shares, compared to its average volume of 3,114,002. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market cap of $147.39 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The company's 50-day simple moving average is $212.49 and its 200 day simple moving average is $208.41.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International's payout ratio is 52.19%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HON shares. Royal Bank of Canada raised their price target on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 13th. Barclays raised their price objective on Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price objective for the company. Finally, Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $241.45.

About Honeywell International

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.