Physicians Financial Services Inc. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Physicians Financial Services Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,841 shares of the conglomerate’s stock after selling 285 shares during the period. Physicians Financial Services Inc.’s holdings in Honeywell International were worth $1,414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Norden Group LLC lifted its position in shares of Honeywell International by 47.9% during the 1st quarter. Norden Group LLC now owns 2,156 shares of the conglomerate’s stock worth $443,000 after buying an additional 698 shares during the last quarter. Quent Capital LLC raised its stake in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after acquiring an additional 77 shares in the last quarter. CFO4Life Group LLC purchased a new stake in Honeywell International in the first quarter valued at $204,000. Empowered Funds LLC boosted its stake in Honeywell International by 363.0% in the first quarter. Empowered Funds LLC now owns 46,330 shares of the conglomerate’s stock valued at $9,509,000 after acquiring an additional 36,324 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Honeywell International by 22.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,154 shares of the conglomerate’s stock worth $1,263,000 after purchasing an additional 1,116 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HON shares. Barclays reduced their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Wells Fargo & Company increased their price target on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.14 on Friday, reaching $217.64. 1,154,612 shares of the stock were exchanged, compared to its average volume of 3,008,625. The firm has a market capitalization of $141.52 billion, a PE ratio of 25.12, a PEG ratio of 2.47 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $183.20 and a 1-year high of $222.98. The business has a fifty day moving average price of $208.31 and a two-hundred day moving average price of $206.25. 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 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 given a dividend of $1.13 per share. This is a boost 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 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is presently 49.88%.

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.