Belmont Capital LLC Sells 1,882 Shares of Honeywell International Inc. (NASDAQ:HON)

Belmont Capital LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 53.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,666 shares of the conglomerate’s stock after selling 1,882 shares during the period. Belmont Capital LLC’s holdings in Honeywell International were worth $344,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HON. LGT Group Foundation bought a new stake in Honeywell International in the first quarter worth $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth about $29,000. Planning Capital Management Corp raised its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International in the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International during the first quarter worth approximately $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.1 %

Shares of Honeywell International stock opened at $228.85 on Tuesday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $148.81 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.72 and a beta of 1.03. The firm’s 50-day moving average is $211.94 and its two-hundred day moving average is $208.19.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. Honeywell International’s payout ratio is 49.88%.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Barclays lifted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $241.45.

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.