Honeywell International Inc. (NASDAQ:HON) Stake Reduced by Chelsea Counsel Co.

Chelsea Counsel Co. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,393 shares of the conglomerate's stock after selling 2,340 shares during the period. Honeywell International comprises about 3.4% of Chelsea Counsel Co.'s holdings, making the stock its 8th largest position. Chelsea Counsel Co.'s holdings in Honeywell International were worth $6,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Financial Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth $248,000. Silver Lake Advisory LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $198,000. Triad Wealth Partners LLC grew its holdings in shares of Honeywell International by 12.2% in the second quarter. Triad Wealth Partners LLC now owns 1,818 shares of the conglomerate's stock valued at $388,000 after acquiring an additional 197 shares in the last quarter. Ellsworth Advisors LLC increased its position in shares of Honeywell International by 3.1% during the second quarter. Ellsworth Advisors LLC now owns 9,543 shares of the conglomerate's stock valued at $2,038,000 after acquiring an additional 284 shares during the last quarter. Finally, Cordatus Wealth Management LLC purchased a new position in Honeywell International in the second quarter worth $1,374,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON traded down $1.37 during trading on Thursday, reaching $227.69. The stock had a trading volume of 2,711,278 shares, compared to its average volume of 3,139,983. 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 business has a 50-day moving average of $220.08 and a 200-day moving average of $211.36. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The stock has a market cap of $148.05 billion, a PE ratio of 26.49, a PEG ratio of 2.82 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $1.13 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio is currently 52.19%.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. Barclays increased their price target on shares of Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. UBS Group reissued a "buy" rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $248.77.

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.