Oppenheimer & Co. Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Oppenheimer & Co. Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,514 shares of the conglomerate's stock after selling 2,138 shares during the period. Oppenheimer & Co. Inc.'s holdings in Honeywell International were worth $12,922,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HON. LGT Group Foundation purchased a new position in Honeywell International during the first quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter worth approximately $29,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter worth approximately $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the first quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International during the second quarter worth approximately $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HON. 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 report on Wednesday. UBS Group restated a "buy" rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, Barclays lifted their target price on Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $240.55.

Honeywell International Stock Down 0.4 %

HON traded down $0.84 on Wednesday, hitting $233.07. 5,520,756 shares of the company were exchanged, compared to its average volume of 3,096,953. Honeywell International Inc. has a twelve month low of $188.65 and a twelve month high of $242.77. The company has a market cap of $151.55 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $209.67 and a two-hundred day moving average price of $207.16.

Honeywell International Increases Dividend

The business 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 represents a $4.52 annualized dividend and a yield of 1.94%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International's payout ratio is presently 49.88%.

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.