Eagle Asset Management Inc. Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Eagle Asset Management Inc. cut its position in Honeywell International Inc. (NASDAQ:HON) by 2.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 462,924 shares of the conglomerate’s stock after selling 12,716 shares during the quarter. Eagle Asset Management Inc.’s holdings in Honeywell International were worth $101,607,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HON. Capital Wealth Planning LLC purchased a new position in shares of Honeywell International during the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD raised its position in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. International Assets Investment Management LLC raised its position in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the period. Mizuho Securities USA LLC raised its position in Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after acquiring an additional 575,865 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.4 %

Shares of HON opened at $225.79 on Friday. The stock has a market capitalization of $146.82 billion, a PE ratio of 26.07, a P/E/G ratio of 2.71 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company’s 50-day simple moving average is $213.36 and its 200-day simple moving average is $208.66.

Honeywell International Increases Dividend

The business also recently declared 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 is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.19%.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Bank of America raised their target price 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. UBS Group reaffirmed 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, November 13th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.45.

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.