Honeywell International Inc. (NASDAQ:HON) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,019 shares of the conglomerate’s stock after selling 2,850 shares during the period. QRG Capital Management Inc.’s holdings in Honeywell International were worth $14,887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC raised its holdings in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International in the 1st quarter valued at $1,398,000. Koshinski Asset Management Inc. raised its holdings in shares of Honeywell International by 237.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after buying an additional 3,970 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its holdings in shares of Honeywell International by 167.2% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after buying an additional 4,687 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $207.54 on Tuesday. The company has a market cap of $134.95 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.44 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. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. The business has a fifty day simple moving average of $208.03 and a 200-day simple moving average of $206.07.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. 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 payout ratio is 52.19%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays cut their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Bank of America reissued a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.