Hunter Associates Investment Management LLC Sells 360 Shares of Honeywell International Inc. (NASDAQ:HON)

Hunter Associates Investment Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,083 shares of the conglomerate’s stock after selling 360 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Honeywell International were worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. LGT Group Foundation bought a new position in Honeywell International during the 1st quarter valued at approximately $26,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the second quarter worth $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter valued at $39,000. New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the 1st quarter worth about $42,000. Finally, TruNorth Capital Management LLC bought a new position in Honeywell International in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.9 %

Honeywell International stock opened at $206.10 on Tuesday. The business has a 50-day simple moving average of $207.53 and a two-hundred day simple moving average of $205.58. Honeywell International Inc. has a 52-week low of $176.60 and a 52-week high of $222.98. 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 company has a market cap of $134.21 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HON. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada dropped their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $223.73.

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.