Thrivent Financial for Lutherans Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Thrivent Financial for Lutherans decreased its position in Honeywell International Inc. (NASDAQ:HON) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,412 shares of the conglomerate’s stock after selling 10,195 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Honeywell International worth $105,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Capital Wealth Planning LLC purchased a new stake in Honeywell International during the 2nd quarter valued at about $392,478,000. Price T Rowe Associates Inc. MD lifted its position in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after purchasing an additional 575,865 shares during the last quarter. Finally, Natixis increased its stake in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after buying an additional 544,175 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HON. Barclays increased their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of HON stock opened at $228.99 on Monday. 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 company’s fifty day moving average price is $211.39 and its 200-day moving average price is $207.94. The stock has a market cap of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.

Honeywell International Increases Dividend

The firm 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 represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 49.88%.

Honeywell International 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.