Lazard Freres Gestion S.A.S. Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Lazard Freres Gestion S.A.S. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 235,839 shares of the conglomerate's stock after selling 11,264 shares during the quarter. Lazard Freres Gestion S.A.S.'s holdings in Honeywell International were worth $48,750,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HON. Avestar Capital LLC lifted its position in shares of Honeywell International by 4.4% during the 3rd quarter. Avestar Capital LLC now owns 6,451 shares of the conglomerate's stock valued at $1,333,000 after buying an additional 272 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Honeywell International by 5.3% during the 3rd quarter. Brooklyn Investment Group now owns 2,436 shares of the conglomerate's stock valued at $504,000 after buying an additional 122 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at about $269,000. The Manufacturers Life Insurance Company lifted its position in shares of Honeywell International by 37.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 770,228 shares of the conglomerate's stock valued at $159,214,000 after buying an additional 208,646 shares in the last quarter. Finally, Qsemble Capital Management LP lifted its position in shares of Honeywell International by 86.9% during the 3rd quarter. Qsemble Capital Management LP now owns 11,479 shares of the conglomerate's stock valued at $2,373,000 after buying an additional 5,337 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.1 %

NASDAQ:HON traded down $0.20 during mid-day trading on Tuesday, hitting $230.40. 4,203,142 shares of the company's stock traded hands, compared to its average volume of 3,136,041. The company has a fifty day moving average of $214.90 and a 200 day moving average of $209.46. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market capitalization of $149.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.72 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.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change 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 1.96%. Honeywell International's dividend payout ratio is currently 52.19%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HON. Citigroup decreased their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They set an "equal weight" rating and a $210.00 target price on the stock. Wells Fargo & Company lifted their target price on Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.