Honeywell International Inc. (NASDAQ:HON) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,419 shares of the conglomerate’s stock after selling 4,047 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Honeywell International were worth $2,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the period. Legal & General Group Plc boosted its position in shares of Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the period. Capital Research Global Investors boosted its position in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after buying an additional 212,327 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after buying an additional 325,272 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.1 %

Honeywell International stock opened at $228.85 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The business’s 50-day simple moving average is $211.94 and its 200-day simple moving average is $208.19. The firm has a market capitalization of $148.81 billion, a PE ratio of 26.43, a PEG ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 yield of 1.98%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Morgan Stanley started 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. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $241.45.

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.