Raymond James Trust N.A. Sells 1,776 Shares of Honeywell International Inc. (NASDAQ:HON)

Raymond James Trust N.A. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,138 shares of the conglomerate’s stock after selling 1,776 shares during the period. Raymond James Trust N.A.’s holdings in Honeywell International were worth $11,811,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter valued at $29,000. Planning Capital Management Corp boosted its stake in 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 buying an additional 81 shares during the period. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter valued at $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International during the first quarter valued at $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in Honeywell International during the third quarter valued at $41,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HON shares. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Down 0.4 %

HON opened at $225.79 on Friday. The company has a market cap of $146.82 billion, a P/E ratio of 26.07, a P/E/G ratio of 2.71 and a beta of 1.03. The business’s 50-day moving average price is $213.36 and its 200-day moving average price is $208.66. 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.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

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.