Alpha Family Trust Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Alpha Family Trust trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,280 shares of the conglomerate’s stock after selling 150 shares during the quarter. Honeywell International accounts for approximately 0.6% of Alpha Family Trust’s investment portfolio, making the stock its 27th biggest position. Alpha Family Trust’s holdings in Honeywell International were worth $1,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter valued at about $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Planning Capital Management Corp boosted its stake 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 buying an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter worth approximately $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Trading Down 0.2 %

NASDAQ:HON opened at $228.99 on Friday. The firm has a market cap of $148.90 billion, a P/E ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03. 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 stock’s 50 day simple moving average is $211.39 and its 200-day simple moving average is $207.85. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

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 issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 49.88%.

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.