Honeywell International Inc. (NASDAQ:HON) Shares Sold by Physicians Financial Services Inc.

Physicians Financial Services Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,841 shares of the conglomerate’s stock after selling 285 shares during the period. Physicians Financial Services Inc.’s holdings in Honeywell International were worth $1,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Philip James Wealth Mangement LLC acquired a new stake in Honeywell International in the 3rd quarter valued at about $799,000. Gold Investment Management Ltd. lifted its holdings in shares of Honeywell International by 17.4% in the third quarter. Gold Investment Management Ltd. now owns 4,026 shares of the conglomerate’s stock valued at $834,000 after purchasing an additional 597 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its position in Honeywell International by 0.9% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,727 shares of the conglomerate’s stock worth $1,597,000 after acquiring an additional 68 shares during the last quarter. AIA Group Ltd lifted its position in Honeywell International by 279.5% during the third quarter. AIA Group Ltd now owns 5,716 shares of the conglomerate’s stock worth $1,182,000 after buying an additional 4,210 shares during the period. Finally, Summit Global Investments boosted its position in shares of Honeywell International by 89.2% in the third quarter. Summit Global Investments now owns 8,836 shares of the conglomerate’s stock worth $1,826,000 after acquiring an additional 4,167 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded up $0.14 during mid-day trading on Friday, hitting $217.64. The stock had a trading volume of 1,154,612 shares, compared to its average volume of 3,008,625. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $141.52 billion, a PE ratio of 25.12, a PEG ratio of 2.47 and a beta of 1.03. The company’s fifty day simple moving average is $208.31 and its two-hundred day simple moving average is $206.25.

Honeywell International Increases Dividend

The firm also recently disclosed 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. This represents a $4.52 dividend on an annualized basis and a yield of 2.08%. 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 payout ratio is currently 49.88%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Citigroup reduced their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley assumed 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 on the stock. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently 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.