White Lighthouse Investment Management Inc. Sells 50 Shares of Honeywell International Inc. (NASDAQ:HON)

White Lighthouse Investment Management Inc. decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,240 shares of the conglomerate’s stock after selling 50 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Honeywell International were worth $256,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norden Group LLC raised its holdings in shares of Honeywell International by 47.9% during the first quarter. Norden Group LLC now owns 2,156 shares of the conglomerate’s stock valued at $443,000 after purchasing an additional 698 shares during the last quarter. Quent Capital LLC increased its stake in Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after buying an additional 77 shares during the period. Geneos Wealth Management Inc. increased its stake in Honeywell International by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 19,765 shares of the conglomerate’s stock worth $4,057,000 after buying an additional 372 shares during the period. Blue Square Asset Management LLC increased its stake in Honeywell International by 7.7% in the 1st quarter. Blue Square Asset Management LLC now owns 7,167 shares of the conglomerate’s stock worth $1,471,000 after buying an additional 511 shares during the period. Finally, Hemington Wealth Management purchased a new position in Honeywell International in the 1st quarter worth about $245,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup cut 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. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Bank of America restated a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Up 2.2 %

Shares of HON stock traded up $4.53 on Wednesday, hitting $213.31. 327,152 shares of the stock traded hands, compared to its average volume of 2,979,156. The firm’s 50-day moving average price is $208.08 and its two-hundred day moving average price is $206.17. Honeywell International Inc. has a twelve month low of $183.20 and a twelve month high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $138.70 billion, a PE ratio of 24.11, a PEG ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio 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.