Hemenway Trust Co LLC Sells 772 Shares of Honeywell International Inc. (NASDAQ:HON)

Hemenway Trust Co LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 18,758 shares of the conglomerate’s stock after selling 772 shares during the period. Hemenway Trust Co LLC’s holdings in Honeywell International were worth $3,878,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its holdings in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the period. SteelPeak Wealth LLC increased its position in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after acquiring an additional 8,687 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after acquiring an additional 5,750 shares during the period. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Honeywell International by 413.2% in the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 2,599 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON traded up $11.92 during mid-day trading on Tuesday, hitting $237.16. The stock had a trading volume of 1,759,864 shares, compared to its average volume of 3,043,242. Honeywell International Inc. has a twelve month low of $185.71 and a twelve month high of $240.60. 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 cap of $154.21 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.61 and a beta of 1.03. The company’s 50 day simple moving average is $209.09 and its 200 day simple moving average is $206.87.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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 dividend yield of 1.91%. Honeywell International’s payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. Barclays lowered their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Royal Bank of Canada reduced their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.73.

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.