Hemenway Trust Co LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Hemenway Trust Co LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,758 shares of the conglomerate’s stock after selling 772 shares during the period. Hemenway Trust Co LLC’s holdings in Honeywell International were worth $3,878,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cypress Wealth Services LLC grew its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Absher Wealth Management LLC boosted its position in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares during the period. Bard Financial Services Inc. grew its stake in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares in the last quarter. ZRC Wealth Management LLC lifted its position in shares of Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC boosted its holdings in shares of Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $11.92 during trading on Tuesday, reaching $237.16. The company had a trading volume of 1,759,864 shares, compared to its average volume of 3,043,242. Honeywell International Inc. has a 52 week low of $185.71 and a 52 week high of $240.60. The business’s 50 day moving average price is $209.09 and its 200-day moving average price is $206.87. The stock has a market cap of $154.21 billion, a PE ratio of 26.01, a PEG ratio of 2.61 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 1.91%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HON shares. Royal Bank of Canada decreased their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. 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 target price for the company. Bank of America restated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Barclays lowered their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International 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.