Connable Office Inc. Has $3.37 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Connable Office Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,310 shares of the conglomerate’s stock after selling 2,793 shares during the quarter. Connable Office Inc.’s holdings in Honeywell International were worth $3,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC increased its stake in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. increased its stake in Honeywell International by 1.9% in the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate’s stock valued at $1,437,000 after purchasing an additional 131 shares in the last quarter. M&G Plc bought a new position in Honeywell International in the first quarter valued at approximately $1,993,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Honeywell International during the first quarter worth $1,398,000. Finally, Hoey Investments Inc. lifted its holdings in shares of Honeywell International by 16.6% in the first quarter. Hoey Investments Inc. now owns 3,515 shares of the conglomerate’s stock valued at $721,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $230.67 on Friday. 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 one year low of $188.78 and a one year high of $242.77. The company has a market cap of $149.99 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.77 and a beta of 1.03. The firm has a 50 day simple moving average of $210.22 and a 200 day simple moving average of $207.34.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HON shares. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Barclays raised their price objective on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. 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 price target of $241.45.

About Honeywell International

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.