Semmax Financial Advisors Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Semmax Financial Advisors Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266 shares of the conglomerate’s stock after selling 93 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Honeywell International were worth $55,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter worth $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at about $29,000. Planning Capital Management Corp grew its position 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 valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter worth about $38,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Honeywell International in the third quarter worth about $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Barclays boosted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup lowered their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Up 1.4 %

NASDAQ HON opened at $232.93 on Friday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of $151.46 billion, a PE ratio of 26.90, a P/E/G ratio of 2.73 and a beta of 1.03. The company has a fifty day moving average of $216.57 and a 200 day moving average of $209.99.

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 issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. 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.