Honeywell International Inc. (NASDAQ:HON) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lessened its position in Honeywell International Inc. (NASDAQ:HON) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,211 shares of the conglomerate’s stock after selling 308 shares during the period. Moloney Securities Asset Management LLC’s holdings in Honeywell International were worth $2,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Capital Wealth Planning LLC purchased a new stake in Honeywell International during the second quarter valued at about $392,478,000. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC grew its stake in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares during the period. Natixis increased its position in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after acquiring an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $207.54 on Tuesday. The company has a market cap of $134.95 billion, a P/E ratio of 23.97, a PEG ratio of 2.44 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. 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 business has a 50 day moving average of $208.03 and a two-hundred day moving average of $206.07.

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 given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.18%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Analyst Ratings Changes

A number of analysts recently weighed in on HON shares. Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. 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 for the company in a research note on Friday, October 25th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.