Belmont Capital LLC Sells 1,882 Shares of Honeywell International Inc. (NASDAQ:HON)

Belmont Capital LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 53.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,666 shares of the conglomerate’s stock after selling 1,882 shares during the period. Belmont Capital LLC’s holdings in Honeywell International were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $29,000. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the 1st quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on HON shares. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. 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 note on Friday, October 25th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

Shares of NASDAQ HON 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 firm has a fifty day moving average of $211.94 and a 200 day moving average of $208.19. The firm has a market cap 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 one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business 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 $1.13 dividend. The ex-dividend date is Friday, November 15th. 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 yield of 1.98%. Honeywell International’s dividend payout ratio (DPR) is currently 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.