Claro Advisors LLC Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Claro Advisors LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 15,223 shares of the conglomerate’s stock after selling 661 shares during the quarter. Claro Advisors LLC’s holdings in Honeywell International were worth $3,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter worth $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of HON stock opened at $228.99 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The stock has a 50 day simple moving average of $211.39 and a 200-day simple moving average of $207.85.

Honeywell International Increases Dividend

The company also recently disclosed 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 an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) 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.