Honeywell International Inc. (NASDAQ:HON) Stake Lessened by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 32,006 shares of the conglomerate’s stock after selling 263 shares during the period. John G Ullman & Associates Inc.’s holdings in Honeywell International were worth $6,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% in 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 last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. UBS Group reissued a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

HON stock opened at $226.67 on Thursday. The stock has a market cap of $147.39 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.71 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. The firm has a 50 day simple moving average of $212.94 and a 200 day simple moving average of $208.54. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a boost 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 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

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.