Raab & Moskowitz Asset Management LLC Sells 123 Shares of Honeywell International Inc. (NASDAQ:HON)

Raab & Moskowitz Asset Management LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,406 shares of the conglomerate’s stock after selling 123 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Honeywell International were worth $2,151,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. MML Investors Services LLC increased its holdings in shares of Honeywell International by 4.5% in the third quarter. MML Investors Services LLC now owns 132,472 shares of the conglomerate’s stock worth $27,383,000 after purchasing an additional 5,735 shares during the last quarter. Montchanin Asset Management LLC grew its holdings in Honeywell International by 6.8% during the 3rd quarter. Montchanin Asset Management LLC now owns 12,540 shares of the conglomerate’s stock valued at $2,592,000 after buying an additional 800 shares in the last quarter. Kimelman & Baird LLC increased its stake in Honeywell International by 0.7% in the 3rd quarter. Kimelman & Baird LLC now owns 129,742 shares of the conglomerate’s stock worth $26,819,000 after acquiring an additional 843 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $2,311,000. Finally, Zacks Investment Management boosted its position in shares of Honeywell International by 14.2% during the 3rd quarter. Zacks Investment Management now owns 144,262 shares of the conglomerate’s stock valued at $29,820,000 after acquiring an additional 17,972 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON stock opened at $226.38 on Monday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The firm has a market cap of $147.20 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.86 and a beta of 1.05. The business’s fifty day simple moving average is $218.75 and its two-hundred day simple moving average is $210.84. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company upped their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $242.18.

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.