Tower Bridge Advisors Sells 191 Shares of Honeywell International Inc. (NASDAQ:HON)

Tower Bridge Advisors decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,192 shares of the conglomerate’s stock after selling 191 shares during the quarter. Tower Bridge Advisors’ holdings in Honeywell International were worth $6,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter valued at $39,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Down 0.2 %

NASDAQ:HON opened at $228.99 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm’s fifty day moving average is $211.39 and its 200-day moving average is $207.85. The firm has a market cap of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The company 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 dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

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.