Pathstone Holdings LLC Has $17.42 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Pathstone Holdings LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,271 shares of the conglomerate’s stock after selling 4,862 shares during the quarter. Pathstone Holdings LLC’s holdings in Honeywell International were worth $17,420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. Ameriprise Financial Inc. grew its position in Honeywell International by 3.9% in 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 period. Legal & General Group Plc raised its stake 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 worth $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Capital Research Global Investors lifted its holdings 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 period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a research note 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 on the stock in a research report on Friday, October 25th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 0.3 %

Shares of NASDAQ HON opened at $228.20 on Wednesday. The company’s 50 day simple moving average is $212.49 and its 200 day simple moving average is $208.41. 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 Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market capitalization of $148.39 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) 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.