Honeywell International Inc. (NASDAQ:HON) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,997 shares of the conglomerate’s stock after selling 75 shares during the quarter. Dearborn Partners LLC’s holdings in Honeywell International were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $29,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter valued at about $39,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $230.67 on Friday. 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 stock has a market capitalization of $149.99 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.77 and a beta of 1.03. The business has a 50-day moving average of $210.22 and a two-hundred day moving average of $207.34. Honeywell International Inc. has a fifty-two week low of $188.78 and a fifty-two week high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) 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.