Kentucky Retirement Systems Sells 3,706 Shares of Honeywell International Inc. (NASDAQ:HON)

Kentucky Retirement Systems decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,365 shares of the conglomerate's stock after selling 3,706 shares during the period. Kentucky Retirement Systems' holdings in Honeywell International were worth $9,377,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after buying an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Citigroup reduced their price objective on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, Barclays lifted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an "overweight" rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $241.45.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.55 during trading on Friday, reaching $228.99. 3,707,893 shares of the stock traded hands, compared to its average volume of 3,103,041. The company has a 50-day moving average of $211.39 and a 200-day moving average of $207.74. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International's dividend payout ratio (DPR) is presently 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.