Davis R M Inc. Sells 511 Shares of Honeywell International Inc. (NASDAQ:HON)

Davis R M Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,738 shares of the conglomerate’s stock after selling 511 shares during the quarter. Davis R M Inc.’s holdings in Honeywell International were worth $1,393,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter worth approximately $29,000. Planning Capital Management Corp raised its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter worth $38,000. Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in Honeywell International during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.7 %

Shares of NASDAQ HON opened at $230.60 on Tuesday. The stock has a market cap of $149.95 billion, a PE ratio of 26.63, a P/E/G ratio of 2.72 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a 50-day moving average of $214.38 and a 200 day moving average of $209.27.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.19%.

Analysts Set New Price Targets

Several research firms have commented on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their price target 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. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $241.45.

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.