Aureus Asset Management LLC Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Aureus Asset Management LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,256 shares of the conglomerate’s stock after selling 551 shares during the quarter. Aureus Asset Management LLC’s holdings in Honeywell International were worth $6,254,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter worth $38,000. Finally, Western Pacific Wealth Management LP bought a new stake in Honeywell International in the third quarter worth $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HON shares. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Up 1.4 %

Shares of HON opened at $232.93 on Monday. The firm has a market capitalization of $151.46 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $189.66 and a 12-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 fifty day moving average price of $216.57 and a 200-day moving average price of $210.03.

Honeywell International Increases Dividend

The business also recently announced 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 is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, November 15th. Honeywell International’s 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.