MAI Capital Management trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,629 shares of the conglomerate's stock after selling 2,294 shares during the quarter. MAI Capital Management's holdings in Honeywell International were worth $40,025,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cypress Wealth Services LLC raised its stake in Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate's stock valued at $417,000 after purchasing an additional 47 shares in the last quarter. Absher Wealth Management LLC raised its stake in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after purchasing an additional 49 shares in the last quarter. Bard Financial Services Inc. increased its position in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate's stock valued at $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC increased its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC increased its position in Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock valued at $264,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Stock Performance
NASDAQ:HON traded down $0.14 during midday trading on Monday, hitting $228.85. The company's stock had a trading volume of 3,446,056 shares, compared to its average volume of 3,104,577. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm's 50 day moving average is $211.94 and its 200-day moving average is $208.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of $148.81 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03.
Honeywell International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio is 49.88%.
Analysts Set New Price Targets
A number of research analysts have weighed in on HON shares. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research 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 stock. According to MarketBeat, Honeywell International has an average rating of "Hold" and an average price target of $241.45.
Check Out Our Latest Research Report on Honeywell International
Honeywell International Company Profile
(
Free Report)
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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