Strategy Asset Managers LLC Has $7.05 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Strategy Asset Managers LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,114 shares of the conglomerate's stock after selling 5,186 shares during the quarter. Honeywell International comprises approximately 1.4% of Strategy Asset Managers LLC's investment portfolio, making the stock its 18th largest holding. Strategy Asset Managers LLC's holdings in Honeywell International were worth $7,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.6 %

Shares of NASDAQ:HON traded down $1.37 on Wednesday, reaching $226.83. The company had a trading volume of 1,008,540 shares, compared to its average volume of 3,097,895. The stock has a market capitalization of $147.50 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.72 and a beta of 1.03. The stock has a 50-day moving average price of $212.49 and a 200 day moving average price of $208.41. 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 announced 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. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International's dividend payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HON. Barclays boosted their price target on Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Finally, Royal Bank of Canada upped their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.