GLOBALT Investments LLC GA Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

GLOBALT Investments LLC GA reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,983 shares of the conglomerate’s stock after selling 322 shares during the period. GLOBALT Investments LLC GA’s holdings in Honeywell International were worth $2,684,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc grew its position in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Capital Research Global Investors grew its position in shares of Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HON. Bank of America increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Citigroup dropped their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $228.99 on Monday. The company has a market cap of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a 50-day simple moving average of $211.39 and a 200-day simple moving average of $207.94.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

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.