Traynor Capital Management Inc. Has $223,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Traynor Capital Management Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 45.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079 shares of the conglomerate’s stock after selling 892 shares during the quarter. Traynor Capital Management Inc.’s holdings in Honeywell International were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HON. LGT Group Foundation acquired a new position in shares of Honeywell International during the first quarter worth approximately $26,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter worth approximately $39,000. TruNorth Capital Management LLC acquired a new position in Honeywell International in the second quarter valued at approximately $43,000. Finally, New Covenant Trust Company N.A. bought a new position in Honeywell International in the first quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.1 %

NASDAQ HON opened at $205.98 on Wednesday. The company has a market cap of $134.13 billion, a PE ratio of 23.87, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $176.60 and a 12 month high of $222.98. The stock has a 50 day moving average of $207.65 and a 200-day moving average of $205.65. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 2.19%. 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. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HON shares. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays reduced their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note 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. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $223.73.

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.