Honeywell International Inc. (NASDAQ:HON) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,123 shares of the conglomerate’s stock after selling 91 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Honeywell International were worth $1,266,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC boosted its stake in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Honeywell International by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after buying an additional 8,687 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Honeywell International in the 1st quarter worth $1,398,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Honeywell International by 237.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after buying an additional 3,970 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays cut their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Up 3.6 %

Shares of Honeywell International stock opened at $216.40 on Thursday. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The company has a market cap of $140.71 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $208.31 and a 200 day moving average price of $206.25.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 49.88%.

Honeywell International Company 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.