Thrivent Financial for Lutherans Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Thrivent Financial for Lutherans cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,412 shares of the conglomerate's stock after selling 10,195 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Honeywell International worth $105,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate's stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Legal & General Group Plc increased its position in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate's stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the last quarter. Capital Research Global Investors increased its position in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate's stock valued at $698,312,000 after acquiring an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate's stock valued at $630,086,000 after acquiring an additional 325,272 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Barclays raised their target price on Honeywell International from $229.00 to $252.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Citigroup decreased their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $241.45.

Honeywell International Price Performance

HON stock traded down $0.14 during mid-day trading on Monday, hitting $228.85. 3,446,056 shares of the stock were exchanged, compared to its average volume of 3,104,577. 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 business has a fifty day moving average price of $211.39 and a 200 day moving average price of $207.94. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market capitalization of $148.81 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.98%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is 49.88%.

Honeywell International Company 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.