Gulf International Bank UK Ltd Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Gulf International Bank UK Ltd trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,053 shares of the conglomerate’s stock after selling 958 shares during the period. Gulf International Bank UK Ltd’s holdings in Honeywell International were worth $10,759,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International during the 1st quarter valued at approximately $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the 1st quarter worth about $42,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $207.54 on Tuesday. The company has a 50-day moving average price of $208.03 and a 200-day moving average price of $206.07. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $134.95 billion, a P/E ratio of 23.97, a PEG ratio of 2.44 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HON shares. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. 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. Royal Bank of Canada lowered their price objective on 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. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Ten equities research 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, Honeywell International presently has an average rating of “Hold” and an average 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.