AustralianSuper Pty Ltd Cuts Position in Honeywell International Inc. (NASDAQ:HON)

AustralianSuper Pty Ltd cut its stake in Honeywell International Inc. (NASDAQ:HON) by 46.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,099 shares of the conglomerate’s stock after selling 9,461 shares during the period. AustralianSuper Pty Ltd’s holdings in Honeywell International were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Cypress Wealth Services LLC raised its stake in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the last quarter. Bard Financial Services Inc. increased its holdings in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares in the last quarter. ZRC Wealth Management LLC raised its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the last quarter. CFM Wealth Partners LLC lifted its holdings in shares of Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares in the last quarter. Finally, Jacobsen Capital Management grew its position in shares of Honeywell International by 5.2% in the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Royal Bank of Canada cut their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. 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. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Up 0.7 %

NASDAQ:HON opened at $205.68 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $179.18 and a one year high of $222.98. The business’s 50-day simple moving average is $207.82 and its 200 day simple moving average is $205.64. The stock has a market cap of $133.74 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.20%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio 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.