Baldwin Investment Management LLC Sells 81 Shares of Honeywell International Inc. (NASDAQ:HON)

Baldwin Investment Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,453 shares of the conglomerate’s stock after selling 81 shares during the period. Baldwin Investment Management LLC’s holdings in Honeywell International were worth $1,334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after acquiring an additional 42,287 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Honeywell International by 7.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock worth $661,000,000 after purchasing an additional 228,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HON shares. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Barclays raised their price target on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

HON opened at $230.40 on Wednesday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market cap of $149.82 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $214.90 and a two-hundred day simple moving average of $209.46.

Honeywell International Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.96%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 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.