Ballast Advisors LLC Sells 151 Shares of Honeywell International Inc. (NASDAQ:HON)

Ballast Advisors LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,198 shares of the conglomerate’s stock after selling 151 shares during the period. Ballast Advisors LLC’s holdings in Honeywell International were worth $454,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $39,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HON. Barclays reduced their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. 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. Finally, Royal Bank of Canada dropped their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Up 2.2 %

Honeywell International stock traded up $4.53 during trading hours on Wednesday, reaching $213.31. The stock had a trading volume of 327,152 shares, compared to its average volume of 2,979,156. The company has a fifty day simple moving average of $208.08 and a 200-day simple moving average of $206.17. The stock has a market cap of $138.70 billion, a PE ratio of 24.11, a PEG ratio of 2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 49.88%.

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.