Vestor Capital LLC cut its position in shares of Honeywell International Inc. (NYSE:HON) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,502 shares of the conglomerate’s stock after selling 6,246 shares during the quarter. Honeywell International makes up about 1.8% of Vestor Capital LLC’s holdings, making the stock its 24th biggest position. Vestor Capital LLC’s holdings in Honeywell International were worth $10,744,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Headinvest LLC raised its position in shares of Honeywell International by 1.0% in the third quarter. Headinvest LLC now owns 6,925 shares of the conglomerate’s stock valued at $1,172,000 after purchasing an additional 69 shares during the period. Weaver Consulting Group raised its position in shares of Honeywell International by 10.5% in the third quarter. Weaver Consulting Group now owns 1,053 shares of the conglomerate’s stock valued at $183,000 after purchasing an additional 100 shares during the period. Shepherd Financial Partners LLC raised its position in shares of Honeywell International by 6.3% in the third quarter. Shepherd Financial Partners LLC now owns 12,677 shares of the conglomerate’s stock valued at $2,146,000 after purchasing an additional 754 shares during the period. Redpoint Investment Management Pty Ltd increased its holdings in Honeywell International by 12.4% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 49,562 shares of the conglomerate’s stock worth $8,386,000 after acquiring an additional 5,463 shares during the period. Finally, Colony Group LLC increased its holdings in Honeywell International by 1.2% during the 3rd quarter. Colony Group LLC now owns 13,721 shares of the conglomerate’s stock worth $2,322,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 75.61% of the company’s stock.
HON stock traded up $0.66 during midday trading on Wednesday, reaching $173.21. The company had a trading volume of 2,912,692 shares, compared to its average volume of 2,734,542. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.08. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $183.12. The company has a market capitalization of $127.58 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.39 and a beta of 1.10. The firm has a 50-day moving average price of $175.45 and a 200-day moving average price of $170.49.
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 $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is currently 44.94%.
A number of research firms recently weighed in on HON. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 target price on the stock in a report on Monday, October 21st. Cowen set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley upped their target price on shares of Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, William Blair reaffirmed a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average target price of $188.45.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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