Cim Investment Management Inc. Sells 54 Shares of Honeywell International Inc. (NASDAQ:HON)

Cim Investment Management Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,961 shares of the conglomerate’s stock after selling 54 shares during the period. Cim Investment Management Inc.’s holdings in Honeywell International were worth $612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. increased its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp raised its position 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 buying an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HON. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Ten research 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, the company has an average rating of “Hold” and a consensus price target of $248.17.

Honeywell International Price Performance

Shares of HON traded up $0.59 during trading hours on Thursday, reaching $229.65. The stock had a trading volume of 231,813 shares, compared to its average volume of 3,132,860. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market capitalization of $149.33 billion, a PE ratio of 26.45, a PEG ratio of 2.82 and a beta of 1.05. The company’s 50-day moving average is $220.08 and its two-hundred day moving average is $211.36.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued 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 1.97%. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is 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.