Navellier & Associates Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Navellier & Associates Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,885 shares of the conglomerate’s stock after selling 486 shares during the quarter. Navellier & Associates Inc.’s holdings in Honeywell International were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Quent Capital LLC raised its holdings in shares of Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after buying an additional 77 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Advisors Asset Management Inc. now owns 15,535 shares of the conglomerate’s stock valued at $3,189,000 after buying an additional 78 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Honeywell International by 23.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 727,227 shares of the conglomerate’s stock valued at $149,263,000 after buying an additional 136,035 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Honeywell International by 0.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 162,478 shares of the conglomerate’s stock valued at $33,349,000 after buying an additional 618 shares during the period. Finally, Bank of Nova Scotia Trust Co. raised its holdings in shares of Honeywell International by 0.3% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 50,441 shares of the conglomerate’s stock valued at $10,353,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HON shares. Royal Bank of Canada boosted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price 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. UBS Group reissued a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Nine 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 presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Down 0.4 %

Shares of NASDAQ HON opened at $225.79 on Friday. The stock has a market cap of $146.82 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. 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 Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The business has a 50-day moving average price of $213.36 and a 200 day moving average price of $208.66.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio is 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.