SouthState Corp Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

SouthState Corp trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,671 shares of the conglomerate’s stock after selling 471 shares during the quarter. SouthState Corp’s holdings in Honeywell International were worth $5,100,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HON. Quent Capital LLC raised its position in shares of Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after acquiring an additional 77 shares in the last quarter. Covestor Ltd grew its position in shares of Honeywell International by 17.3% in the 1st quarter. Covestor Ltd now owns 447 shares of the conglomerate’s stock valued at $92,000 after buying an additional 66 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in Honeywell International by 60.8% in the first quarter. Lake Street Advisors Group LLC now owns 7,202 shares of the conglomerate’s stock valued at $1,478,000 after acquiring an additional 2,723 shares during the last quarter. MQS Management LLC purchased a new position in shares of Honeywell International during the first quarter worth about $742,000. Finally, Leelyn Smith LLC lifted its holdings in shares of Honeywell International by 2.5% in the 1st quarter. Leelyn Smith LLC now owns 19,451 shares of the conglomerate’s stock valued at $3,992,000 after purchasing an additional 466 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays increased their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Down 0.1 %

Shares of Honeywell International stock opened at $228.85 on Tuesday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market cap of $148.81 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. The stock has a 50-day moving average price of $211.94 and a 200 day moving average price of $208.19.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend 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 presently 52.19%.

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.