Resources Management Corp CT ADV Sells 1,468 Shares of Honeywell International Inc. (NASDAQ:HON)

Resources Management Corp CT ADV lessened its position in Honeywell International Inc. (NASDAQ:HON) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,124 shares of the conglomerate’s stock after selling 1,468 shares during the period. Resources Management Corp CT ADV’s holdings in Honeywell International were worth $5,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp lifted its position in Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock valued at $61,643,000 after purchasing an additional 3,143 shares during the period. Executive Wealth Management LLC bought a new position in Honeywell International during the third quarter valued at approximately $234,000. Continuum Advisory LLC lifted its position in Honeywell International by 402.0% during the third quarter. Continuum Advisory LLC now owns 502 shares of the conglomerate’s stock valued at $104,000 after purchasing an additional 402 shares during the period. LRI Investments LLC lifted its position in Honeywell International by 22.4% during the third quarter. LRI Investments LLC now owns 8,644 shares of the conglomerate’s stock valued at $1,787,000 after purchasing an additional 1,584 shares during the period. Finally, Harvest Investment Advisors LLC bought a new position in Honeywell International during the third quarter valued at approximately $1,605,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HON shares. UBS Group restated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, Barclays upped their target price on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $244.36.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $225.09 on Tuesday. The firm has a fifty day moving average price of $219.12 and a 200-day moving average price of $211.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $146.36 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.01%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. 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.