Honeywell International Inc. (NASDAQ:HON) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 13.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,011 shares of the conglomerate’s stock after selling 780 shares during the period. Pitcairn Co.’s holdings in Honeywell International were worth $1,036,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HON. Capital Wealth Planning LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $392,478,000. International Assets Investment Management LLC boosted its holdings in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC grew its position in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the period. Dimensional Fund Advisors LP grew its position in 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 period. Finally, Ameriprise Financial Inc. increased its stake in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.3 %

NASDAQ:HON opened at $229.11 on Monday. The stock has a 50-day simple moving average of $213.86 and a 200 day simple moving average of $209.06. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a market capitalization of $148.98 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada upped their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective 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, UBS Group reaffirmed 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, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $241.45.

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.