Connable Office Inc. Sells 2,793 Shares of Honeywell International Inc. (NASDAQ:HON)

Connable Office Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,310 shares of the conglomerate’s stock after selling 2,793 shares during the quarter. Connable Office Inc.’s holdings in Honeywell International were worth $3,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter worth about $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the 1st quarter valued at $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $230.67 on Friday. The company has a market capitalization of $149.99 billion, a PE ratio of 26.64, a PEG ratio of 2.77 and a beta of 1.03. The business has a fifty day moving average price of $210.22 and a 200-day moving average price of $207.34. Honeywell International Inc. has a 1-year low of $188.78 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.96%. Honeywell International’s payout ratio is 49.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HON shares. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $241.45.

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.