Honeywell International Inc. (NASDAQ:HON) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,789 shares of the conglomerate’s stock after selling 4,955 shares during the period. Glenmede Trust Co. NA’s holdings in Honeywell International were worth $83,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter worth approximately $29,000. Planning Capital Management Corp lifted its holdings in shares of 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 purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the second quarter worth $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the first quarter valued at $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in Honeywell International during the third quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HON. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 13th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating 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. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Down 0.1 %

Shares of NASDAQ 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 firm’s 50-day simple moving average is $214.90 and its 200 day simple moving average is $209.46. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. 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 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, November 15th. 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.