Honeywell International Inc. (NASDAQ:HON) Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 28.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,815 shares of the conglomerate’s stock after selling 1,107 shares during the quarter. PBMares Wealth Management LLC’s holdings in Honeywell International were worth $582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Cypress Wealth Services LLC grew its stake in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares during the period. Bard Financial Services Inc. boosted its holdings in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares in the last quarter. ZRC Wealth Management LLC grew its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC increased its holdings in Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Honeywell International by 3.0% in the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after buying an additional 51 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HON shares. Wells Fargo & Company upped their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday. Royal Bank of Canada dropped their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Up 0.3 %

HON stock traded up $0.53 on Tuesday, hitting $206.63. 876,882 shares of the company were exchanged, compared to its average volume of 2,914,339. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market capitalization of $134.55 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $176.60 and a twelve month high of $222.98. The business’s fifty day moving average is $207.53 and its two-hundred day moving average is $205.58.

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 issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

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.