King Luther Capital Management Corp Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

King Luther Capital Management Corp trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,710 shares of the conglomerate's stock after selling 48,277 shares during the period. Honeywell International accounts for approximately 1.1% of King Luther Capital Management Corp's holdings, making the stock its 25th largest position. King Luther Capital Management Corp owned about 0.18% of Honeywell International worth $244,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter worth $29,000. Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price target on the stock. Bank of America lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. UBS Group restated a "buy" rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Nine equities 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, the company presently has a consensus rating of "Hold" and an average target price of $241.45.

Honeywell International Stock Performance

Honeywell International stock opened at $226.67 on Thursday. The stock's 50-day moving average is $212.94 and its 200-day moving average is $208.54. The company has a market cap of $147.39 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. 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 disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend 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 presently 52.19%.

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.

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