Hara Capital LLC Sells 740 Shares of Honeywell International Inc. (NASDAQ:HON)

Hara Capital LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 41.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,034 shares of the conglomerate’s stock after selling 740 shares during the quarter. Hara Capital LLC’s holdings in Honeywell International were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. LGT Group Foundation bought a new position in Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $39,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $42,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.0 %

HON stock traded down $0.05 during midday trading on Thursday, reaching $216.35. The company’s stock had a trading volume of 284,122 shares, compared to its average volume of 2,993,647. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a fifty day simple moving average of $208.31 and a two-hundred day simple moving average of $206.25. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The firm has a market capitalization of $140.68 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Barclays lowered their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada lowered 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. Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.