Ferguson Wellman Capital Management Inc. Sells 41,568 Shares of Honeywell International Inc. (NASDAQ:HON)

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,021 shares of the conglomerate’s stock after selling 41,568 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Honeywell International were worth $42,587,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 purchasing an additional 310,807 shares during the last quarter. Legal & General Group Plc lifted its position in 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 purchasing an additional 42,305 shares during the period. Capital Research Global Investors boosted its holdings in Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock traded up $0.38 during mid-day trading on Thursday, hitting $233.45. The company had a trading volume of 268,006 shares, compared to its average volume of 3,084,016. The company has a market capitalization of $151.80 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03. The stock’s 50 day moving average price is $210.22 and its 200-day moving average price is $207.34. Honeywell International Inc. has a 52-week low of $188.78 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. 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. UBS Group reaffirmed 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. Royal Bank of Canada raised their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $241.45.

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.