Kovack Advisors Inc. Sells 133 Shares of Honeywell International Inc. (NASDAQ:HON)

Kovack Advisors Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517 shares of the conglomerate’s stock after selling 133 shares during the quarter. Kovack Advisors Inc.’s holdings in Honeywell International were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HON. EP Wealth Advisors LLC lifted its position in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Honeywell International by 24.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after purchasing an additional 5,750 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after purchasing an additional 8,687 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after purchasing an additional 28,812 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HON shares. Royal Bank of Canada raised their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. 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. Finally, Barclays increased their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $240.55.

Honeywell International Stock Down 0.4 %

HON stock opened at $233.07 on Thursday. The company has a market capitalization of $151.55 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.78 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 business’s 50 day moving average price is $209.67 and its two-hundred day moving average price is $207.16. Honeywell International Inc. has a fifty-two week low of $188.65 and a fifty-two week high of $242.77.

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 issued a $1.13 dividend. This is an increase 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 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.