Honeywell International Inc. (NASDAQ:HON) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,183,710 shares of the conglomerate’s stock after selling 48,277 shares during the period. Honeywell International accounts for about 1.1% of King Luther Capital Management Corp’s investment portfolio, making the stock its 25th biggest holding. King Luther Capital Management Corp’s holdings in Honeywell International were worth $244,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc. RI increased its stake in Honeywell International by 5.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 92,355 shares of the conglomerate’s stock valued at $19,091,000 after buying an additional 5,144 shares during the period. Moors & Cabot Inc. raised its stake in shares of Honeywell International by 2.9% during the 3rd quarter. Moors & Cabot Inc. now owns 25,987 shares of the conglomerate’s stock worth $5,372,000 after purchasing an additional 726 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth about $2,765,000. Portfolio Design Labs LLC acquired a new position in Honeywell International during the third quarter valued at approximately $2,457,000. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Honeywell International by 7.7% during the third quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock valued at $661,000,000 after buying an additional 228,880 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Down 0.7 %

Shares of NASDAQ:HON opened at $226.67 on Thursday. The company has a market capitalization of $147.39 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The business’s 50-day moving average is $212.94 and its 200-day moving average is $208.54. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The business 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 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 annualized dividend and a dividend yield of 1.99%. Honeywell International’s payout ratio 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.