Morse Asset Management Inc Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Morse Asset Management Inc reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 24.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,150 shares of the conglomerate’s stock after selling 1,000 shares during the quarter. Morse Asset Management Inc’s holdings in Honeywell International were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cypress Wealth Services LLC boosted its stake in Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Absher Wealth Management LLC grew its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares in the last quarter. ZRC Wealth Management LLC raised its holdings in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC grew its position in Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after acquiring an additional 50 shares in the last quarter. Finally, Jacobsen Capital Management increased its stake in Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after purchasing an additional 50 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $226.96 on Wednesday. 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 stock has a market cap of $147.58 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The firm has a fifty day moving average price of $217.53 and a 200 day moving average price of $210.34.

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. The ex-dividend date of this dividend is Friday, November 15th. This is a boost 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 1.99%. Honeywell International’s dividend payout ratio is 52.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HON shares. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Barclays boosted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Citigroup reduced their price target 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. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $241.45.

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.