STF Management LP Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

STF Management LP decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.2% in the 3rd quarter, Holdings Channel reports. The firm owned 9,413 shares of the conglomerate’s stock after selling 951 shares during the period. Honeywell International comprises 0.9% of STF Management LP’s investment portfolio, making the stock its 27th largest holding. STF Management LP’s holdings in Honeywell International were worth $1,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HON. Quent Capital LLC grew its holdings in shares of Honeywell International by 4.7% during the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after purchasing an additional 77 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Advisors Asset Management Inc. now owns 15,535 shares of the conglomerate’s stock worth $3,189,000 after acquiring an additional 78 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Honeywell International by 23.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 727,227 shares of the conglomerate’s stock valued at $149,263,000 after purchasing an additional 136,035 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 162,478 shares of the conglomerate’s stock valued at $33,349,000 after purchasing an additional 618 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its position in Honeywell International by 0.3% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 50,441 shares of the conglomerate’s stock worth $10,353,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $225.79 on Friday. The business’s fifty day moving average is $213.36 and its 200 day moving average is $208.66. 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 stock has a market cap of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on HON. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Barclays raised their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $241.45.

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.