Angeles Investment Advisors LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Angeles Investment Advisors LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,645 shares of the conglomerate’s stock after selling 211 shares during the period. Angeles Investment Advisors LLC’s holdings in Honeywell International were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Quent Capital LLC increased its stake in Honeywell International by 4.7% during the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after acquiring an additional 77 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after acquiring an additional 3,970 shares during the last quarter. Texas Yale Capital Corp. grew its stake in shares of Honeywell International by 13.5% during the first quarter. Texas Yale Capital Corp. now owns 1,347 shares of the conglomerate’s stock valued at $276,000 after buying an additional 160 shares during the last quarter. Ledyard National Bank grew its stake in shares of Honeywell International by 0.3% during the first quarter. Ledyard National Bank now owns 38,584 shares of the conglomerate’s stock valued at $7,919,000 after buying an additional 119 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Honeywell International by 2.0% during the first quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock valued at $7,223,000 after buying an additional 678 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HON shares. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Barclays decreased their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company 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 note on Friday, October 25th. Finally, Royal Bank of Canada reduced their price objective on 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. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $223.73.

Honeywell International Trading Up 0.6 %

Shares of HON stock traded up $1.34 during mid-day trading on Wednesday, reaching $235.25. The company’s stock had a trading volume of 413,535 shares, compared to its average volume of 3,072,503. Honeywell International Inc. has a 12-month low of $188.65 and a 12-month high of $242.77. The firm has a market capitalization of $152.97 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.68 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company’s 50 day simple moving average is $209.67 and its 200-day simple moving average is $207.16.

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 issued 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 annualized dividend and a dividend yield of 1.92%. Honeywell International’s payout ratio is 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.