Retirement Systems of Alabama Sells 4,025 Shares of Honeywell International Inc. (NASDAQ:HON)

Retirement Systems of Alabama decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,352 shares of the conglomerate's stock after selling 4,025 shares during the period. Retirement Systems of Alabama owned about 0.05% of Honeywell International worth $72,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. increased its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares during the last quarter. Planning Capital Management Corp raised its position in 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 acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at approximately $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a report on Wednesday. Royal Bank of Canada restated a "sector perform" rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Citigroup upped their target price on Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $248.77.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.07 on Friday, hitting $227.62. 2,431,647 shares of the company were exchanged, compared to its average volume of 3,140,381. The company's 50 day moving average price is $220.58 and its two-hundred day moving average price is $211.47. The firm has a market capitalization of $148.01 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

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