Sippican Capital Advisors reduced its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 26.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,296 shares of the conglomerate’s stock after selling 837 shares during the quarter. Sippican Capital Advisors’ holdings in Honeywell International were worth $475,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the first quarter worth $39,000. New Covenant Trust Company N.A. acquired a new stake in shares of Honeywell International during the first quarter worth $42,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Honeywell International during the second quarter worth $43,000. 75.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HON has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America restated a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $223.73.
Honeywell International Trading Up 0.2 %
NASDAQ:HON traded up $0.31 on Thursday, hitting $204.51. The stock had a trading volume of 153,759 shares, compared to its average volume of 2,937,433. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $133.17 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.45 and a beta of 1.03. The company has a fifty day moving average price of $207.71 and a two-hundred day moving average price of $205.64. Honeywell International Inc. has a 1-year low of $179.18 and a 1-year high of $222.98.
Honeywell International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.38%.
Honeywell International Company 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.
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