Covestor Ltd Sells 58 Shares of Honeywell International Inc. (NASDAQ:HON)

Covestor Ltd lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 434 shares of the conglomerate’s stock after selling 58 shares during the period. Covestor Ltd’s holdings in Honeywell International were worth $90,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group reissued a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday. Bank of America reiterated a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Barclays upped their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $240.55.

Honeywell International Price Performance

Honeywell International stock opened at $233.07 on Thursday. The stock has a market cap of $151.55 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average price is $209.67 and its two-hundred day moving average price is $207.16. Honeywell International Inc. has a 52 week low of $188.65 and a 52 week 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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 49.88%.

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.