Raymond James Trust N.A. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Raymond James Trust N.A. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,138 shares of the conglomerate’s stock after selling 1,776 shares during the period. Raymond James Trust N.A.’s holdings in Honeywell International were worth $11,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quent Capital LLC boosted its position in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after acquiring an additional 77 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Honeywell International by 0.5% during the 1st quarter. Advisors Asset Management Inc. now owns 15,535 shares of the conglomerate’s stock valued at $3,189,000 after acquiring an additional 78 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Honeywell International by 23.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 727,227 shares of the conglomerate’s stock valued at $149,263,000 after acquiring an additional 136,035 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Honeywell International by 0.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 162,478 shares of the conglomerate’s stock valued at $33,349,000 after acquiring an additional 618 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. boosted its position in Honeywell International by 0.3% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 50,441 shares of the conglomerate’s stock valued at $10,353,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays boosted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

Shares of HON opened at $225.79 on Friday. The firm has a market cap of $146.82 billion, a PE ratio of 26.07, a P/E/G ratio of 2.71 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $213.36 and a two-hundred day simple moving average of $208.66. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

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 paid a dividend of $1.13 per share. The ex-dividend date of this dividend 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 yield of 2.00%. Honeywell International’s payout ratio is currently 52.19%.

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.