Honeywell International Inc. (NASDAQ:HON) Shares Sold by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,839 shares of the conglomerate’s stock after selling 11,264 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Honeywell International were worth $48,750,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. RIA Advisory Group LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth $6,124,000. EP Wealth Advisors LLC raised its holdings in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after buying an additional 5,750 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after acquiring an additional 8,687 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HON shares. JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Trading Up 0.3 %

Shares of NASDAQ:HON traded up $0.77 during mid-day trading on Tuesday, reaching $231.37. The stock had a trading volume of 99,139 shares, compared to its average volume of 3,118,098. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $150.45 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The firm has a 50 day simple moving average of $214.38 and a two-hundred day simple moving average of $209.27.

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 paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Honeywell International Company 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.