Beaird Harris Wealth Management LLC Sells 12,000 Shares of Honeywell International Inc. (NASDAQ:HON)

Beaird Harris Wealth Management LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 97.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269 shares of the conglomerate's stock after selling 12,000 shares during the quarter. Beaird Harris Wealth Management LLC's holdings in Honeywell International were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Financial Group LLC acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $248,000. Gradient Investments LLC grew its stake in shares of Honeywell International by 24.9% in the second quarter. Gradient Investments LLC now owns 1,788 shares of the conglomerate's stock worth $382,000 after purchasing an additional 356 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in Honeywell International by 22.4% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 1,411 shares of the conglomerate's stock valued at $308,000 after buying an additional 258 shares in the last quarter. ARS Wealth Advisors Group LLC increased its stake in Honeywell International by 1.3% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 77,083 shares of the conglomerate's stock valued at $16,460,000 after buying an additional 981 shares during the period. Finally, Boomfish Wealth Group LLC raised its position in shares of Honeywell International by 1.0% during the 2nd quarter. Boomfish Wealth Group LLC now owns 6,391 shares of the conglomerate's stock worth $1,365,000 after buying an additional 64 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of several research analyst reports. UBS Group restated a "buy" rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Bank of America increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Citigroup raised their target price on shares of Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $248.77.

Honeywell International Stock Down 0.0 %

Shares of NASDAQ:HON traded down $0.07 on Friday, reaching $227.62. The company had a trading volume of 2,431,647 shares, compared to its average volume of 3,140,381. The stock has a market capitalization of $148.01 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.85 and a beta of 1.05. The stock has a 50-day moving average price of $221.06 and a 200 day moving average price of $211.66. Honeywell International Inc. has a twelve month low of $189.66 and a twelve 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.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $1.13 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, November 15th. Honeywell International's dividend payout ratio (DPR) is currently 52.19%.

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.