Chevy Chase Trust Holdings LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 353,995 shares of the conglomerate’s stock after selling 6,695 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Honeywell International were worth $73,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. ClearAlpha Technologies LP purchased a new position in Honeywell International during the 3rd quarter valued at $387,000. Community Bank N.A. lifted its position in shares of Honeywell International by 1.5% during the third quarter. Community Bank N.A. now owns 11,461 shares of the conglomerate’s stock worth $2,369,000 after purchasing an additional 170 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Honeywell International by 83.4% during the third quarter. Ascent Group LLC now owns 17,203 shares of the conglomerate’s stock valued at $3,556,000 after purchasing an additional 7,822 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Honeywell International by 1,182.1% in the third quarter. Benjamin Edwards Inc. now owns 22,296 shares of the conglomerate’s stock worth $4,609,000 after purchasing an additional 20,557 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth about $216,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $232.93 on Monday. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a market capitalization of $151.46 billion, a PE ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03. 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 simple moving average of $216.57 and a two-hundred day simple moving average of $210.03.

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 given a dividend of $1.13 per share. 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 yield of 1.94%. Honeywell International’s dividend payout ratio is presently 52.19%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays lifted their target price on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.