Honeywell International Inc. (NASDAQ:HON) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,252 shares of the conglomerate’s stock after selling 209 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Honeywell International were worth $466,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Quent Capital LLC lifted its position in Honeywell International by 4.7% during the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after buying an additional 77 shares in the last quarter. Covestor Ltd lifted its position in Honeywell International by 17.3% during the first quarter. Covestor Ltd now owns 447 shares of the conglomerate’s stock valued at $92,000 after buying an additional 66 shares in the last quarter. Delta Asset Management LLC TN lifted its position in Honeywell International by 0.8% during the first quarter. Delta Asset Management LLC TN now owns 214,533 shares of the conglomerate’s stock valued at $44,033,000 after buying an additional 1,805 shares in the last quarter. Hilltop Partners LLC raised its stake in shares of Honeywell International by 6.4% during the first quarter. Hilltop Partners LLC now owns 4,511 shares of the conglomerate’s stock valued at $926,000 after purchasing an additional 271 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Honeywell International by 13.8% during the first quarter. Bessemer Group Inc. now owns 792,137 shares of the conglomerate’s stock valued at $162,586,000 after purchasing an additional 95,919 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Down 0.7 %

HON stock opened at $228.99 on Monday. 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 Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a fifty day moving average price of $211.39 and a two-hundred day moving average price of $207.94. The firm has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s payout ratio is 49.88%.

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.