D.A. Davidson & CO. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

D.A. Davidson & CO. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 55,739 shares of the conglomerate’s stock after selling 4,975 shares during the period. D.A. Davidson & CO.’s holdings in Honeywell International were worth $11,522,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the third quarter valued at about $6,124,000. EP Wealth Advisors LLC raised its stake in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after acquiring an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC lifted its position in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after acquiring an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after acquiring an additional 5,750 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after purchasing an additional 8,687 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HON shares. Citigroup lowered their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Down 0.1 %

Shares of HON stock opened at $230.40 on Wednesday. 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 twelve month low of $189.66 and a twelve month high of $242.77. The stock has a 50 day moving average of $214.90 and a 200 day moving average of $209.46. The stock has a market cap of $149.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced 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 a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

About Honeywell International

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.