Old North State Trust LLC Sells 75 Shares of Honeywell International Inc. (NASDAQ:HON)

Old North State Trust LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% in the third quarter, HoldingsChannel reports. The fund owned 3,299 shares of the conglomerate’s stock after selling 75 shares during the period. Old North State Trust LLC’s holdings in Honeywell International were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter worth $29,000. Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp boosted its holdings in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the second quarter valued at about $38,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HON has been the subject of a number of research reports. UBS Group reissued a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $248.77.

Honeywell International Stock Down 0.6 %

NASDAQ:HON opened at $227.69 on Friday. The company has a market cap of $148.06 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. 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 stock has a fifty day simple moving average of $220.58 and a 200-day simple moving average of $211.47.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is 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.