Kentucky Retirement Systems Insurance Trust Fund Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Kentucky Retirement Systems Insurance Trust Fund trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,280 shares of the conglomerate’s stock after selling 1,723 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Honeywell International were worth $3,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Wealth Planning LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $392,478,000. Price T Rowe Associates Inc. MD grew its stake 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 valued at $1,967,880,000 after buying an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares during the period. Natixis lifted its position in Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after acquiring an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $228.99 on Friday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market capitalization of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The business’s fifty day moving average price is $211.39 and its two-hundred day moving average price is $207.74.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. 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 presently 49.88%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup reduced their target price 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. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Barclays lifted their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $241.45.

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.