Focus Financial Network Inc. Trims Position in Honeywell International Inc. (NASDAQ:HON)

Focus Financial Network Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,613 shares of the conglomerate’s stock after selling 109 shares during the quarter. Focus Financial Network Inc.’s holdings in Honeywell International were worth $3,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cypress Wealth Services LLC grew its holdings in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares in the last quarter. Bard Financial Services Inc. boosted its stake in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. CFM Wealth Partners LLC boosted its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after acquiring an additional 50 shares during the last quarter. Finally, Jacobsen Capital Management boosted its stake in Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Barclays cut their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Baird R W downgraded shares of 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Performance

Shares of HON opened at $205.04 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $133.33 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.43 and a beta of 1.03. The company has a 50-day moving average of $207.82 and a two-hundred day moving average of $205.64. Honeywell International Inc. has a one year low of $183.20 and a one year high of $222.98.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.20%. Honeywell International’s payout ratio is presently 49.88%.

About Honeywell International

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.