Allen Capital Group LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Allen Capital Group LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,340 shares of the conglomerate’s stock after selling 353 shares during the period. Allen Capital Group LLC’s holdings in Honeywell International were worth $277,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp increased its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in Honeywell International in the 3rd quarter valued at approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Barclays raised their price objective on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Citigroup dropped their price target 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. Wells Fargo & Company raised their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

HON stock opened at $229.11 on Friday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The stock’s fifty day simple moving average is $213.86 and its 200-day simple moving average is $208.90. 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 stock has a market capitalization of $148.98 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03.

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 issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) 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.