Honeywell International Inc. (NASDAQ:HON) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,791 shares of the conglomerate’s stock after selling 191 shares during the period. Pallas Capital Advisors LLC’s holdings in Honeywell International were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Allspring Global Investments Holdings LLC increased its stake in Honeywell International by 12.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock valued at $33,409,000 after purchasing an additional 18,300 shares during the period. Kovack Advisors Inc. increased its position in Honeywell International by 21.1% in the 1st quarter. Kovack Advisors Inc. now owns 3,682 shares of the conglomerate’s stock valued at $756,000 after acquiring an additional 642 shares during the period. FORVIS Wealth Advisors LLC lifted its position in Honeywell International by 4.0% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 4,267 shares of the conglomerate’s stock worth $876,000 after acquiring an additional 164 shares during the period. Norden Group LLC grew its stake in shares of Honeywell International by 47.9% in the 1st quarter. Norden Group LLC now owns 2,156 shares of the conglomerate’s stock valued at $443,000 after purchasing an additional 698 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Honeywell International in the first quarter valued at approximately $339,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Citigroup lowered their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Up 0.7 %

Honeywell International stock opened at $205.68 on Friday. Honeywell International Inc. has a fifty-two week low of $179.18 and a fifty-two week high of $222.98. The firm has a market capitalization of $133.74 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock’s fifty day moving average is $207.82 and its two-hundred day moving average is $205.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

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.