Peapack Gladstone Financial Corp Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Peapack Gladstone Financial Corp reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,232 shares of the conglomerate's stock after selling 6,436 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Honeywell International were worth $27,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the third quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter worth $29,000. Financial Avengers Inc. lifted its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp grew its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth about $38,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.07 on Friday, hitting $227.62. 2,431,458 shares of the company were exchanged, compared to its average volume of 3,140,378. 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 stock's 50 day moving average price is $220.58 and its 200 day moving average price is $211.47. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market capitalization of $148.01 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is presently 52.19%.

Analysts Set New Price Targets

A number of equities analysts have commented on HON shares. Wolfe Research downgraded shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. UBS Group reissued a "buy" rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $248.77.

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.