14,000 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, HoldingsChannel reports. The institutional investor purchased 14,000 shares of the conglomerate’s stock, valued at approximately $2,894,000.

A number of other institutional investors have also recently made changes to their positions in HON. LGT Group Foundation purchased a new stake in Honeywell International in the first quarter worth approximately $26,000. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter worth approximately $29,000. Financial Connections Group Inc. bought a new position in Honeywell International in the second quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International in the first quarter worth approximately $39,000. Finally, New Covenant Trust Company N.A. bought a new position in Honeywell International in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.1 %

Shares of NASDAQ:HON traded down $0.23 during trading hours on Thursday, hitting $216.17. The company’s stock had a trading volume of 194,319 shares, compared to its average volume of 2,993,112. 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 company has a market capitalization of $140.56 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.03. The firm’s fifty day moving average price is $208.31 and its 200 day moving average price is $206.25. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HON shares. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Citigroup dropped their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $223.73.

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.