Fort L.P. Sells 52 Shares of Honeywell International Inc. (NASDAQ:HON)

Fort L.P. trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,288 shares of the conglomerate’s stock after selling 52 shares during the quarter. Fort L.P.’s holdings in Honeywell International were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $43,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $3.51 during trading hours on Friday, hitting $209.19. The company’s stock had a trading volume of 4,484,366 shares, compared to its average volume of 2,965,961. 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 company has a market cap of $136.03 billion, a PE ratio of 24.16, a PEG ratio of 2.43 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $183.20 and a 12-month high of $222.98. The business has a 50 day moving average price of $207.95 and a two-hundred day moving average price of $205.85.

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. This is an increase 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 2.16%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 49.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HON shares. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Royal Bank of Canada lowered their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $223.73.

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.