Turtle Creek Wealth Advisors LLC Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Turtle Creek Wealth Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,438 shares of the conglomerate’s stock after selling 97 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Honeywell International were worth $297,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Wealth Planning LLC acquired a new stake in Honeywell International during the 2nd quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD grew 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 during the period. International Assets Investment Management LLC raised its stake in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after buying an additional 575,865 shares during the period. Finally, Natixis boosted its stake 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 buying an additional 544,175 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

Shares of HON traded down $0.55 during mid-day trading on Friday, reaching $228.99. The stock had a trading volume of 3,707,893 shares, compared to its average volume of 3,103,041. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The firm has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The business’s fifty day moving average is $211.39 and its 200 day moving average is $207.74. 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 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HON. Barclays lifted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $241.45.

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.