Key Financial Inc Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Financial Inc cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,350 shares of the conglomerate’s stock after selling 90 shares during the period. Key Financial Inc’s holdings in Honeywell International were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Wealth Planning LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth $392,478,000. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Natixis increased its stake in shares of Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.7 %

Shares of NASDAQ:HON traded up $3.51 during trading on Friday, reaching $209.19. The company’s stock had a trading volume of 4,484,366 shares, compared to its average volume of 2,965,961. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $183.20 and a 12 month high of $222.98. The firm’s 50 day simple moving average is $207.95 and its two-hundred day simple moving average is $205.74. The stock has a market capitalization of $136.03 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.43 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. Investors of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is 49.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HON shares. 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 research note on Friday, October 25th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays cut their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Bank of America reiterated a “neutral” rating and issued a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.