Peloton Wealth Strategists Sells 1,365 Shares of Honeywell International Inc. (NASDAQ:HON)

Peloton Wealth Strategists reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,975 shares of the conglomerate’s stock after selling 1,365 shares during the quarter. Peloton Wealth Strategists’ holdings in Honeywell International were worth $2,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $392,478,000. Wellington Management Group LLP raised its holdings in Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. International Assets Investment Management LLC lifted its position in Honeywell International by 24,683.3% in 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 last quarter. Mizuho Securities USA LLC boosted its stake in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after buying an additional 575,865 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Honeywell International by 12.4% during the second 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 last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Finally, Citigroup decreased their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $242.18.

Honeywell International Price Performance

Shares of HON opened at $226.38 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a 50 day moving average price of $218.75 and a 200-day moving average price of $210.84. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The stock has a market capitalization of $147.20 billion, a PE ratio of 26.14, a PEG ratio of 2.86 and a beta of 1.05.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 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.