Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lowered by MTM Investment Management LLC

MTM Investment Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 5,672 shares of the conglomerate’s stock after selling 271 shares during the period. MTM Investment Management LLC’s holdings in Honeywell International were worth $1,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC grew its position in Honeywell International by 4.7% in the 1st 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% in the first quarter. Covestor Ltd now owns 447 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 66 shares during the period. LGT Group Foundation bought a new position in Honeywell International during the 1st quarter valued at $26,000. CreativeOne Wealth LLC increased its position in shares of Honeywell International by 7.9% during the 1st quarter. CreativeOne Wealth LLC now owns 9,661 shares of the conglomerate’s stock valued at $1,983,000 after purchasing an additional 711 shares during the period. Finally, Wellington Wealth Strategies LLC. bought a new stake in shares of Honeywell International in the 1st quarter worth $1,055,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. UBS Group reiterated a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $228.20 on Wednesday. The firm has a market capitalization of $148.39 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.72 and a beta of 1.03. The stock’s 50-day simple moving average is $212.49 and its two-hundred day simple moving average is $208.41. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. 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 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International’s payout ratio is presently 52.19%.

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.