Retirement Systems of Alabama Sells 4,025 Shares of Honeywell International Inc. (NASDAQ:HON)

Retirement Systems of Alabama lessened its position in Honeywell International Inc. (NASDAQ:HON) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 352,352 shares of the conglomerate’s stock after selling 4,025 shares during the period. Retirement Systems of Alabama owned 0.05% of Honeywell International worth $72,835,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International during the 3rd quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the third quarter valued at approximately $29,000. Financial Avengers Inc. increased its stake in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Planning Capital Management Corp raised its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in Honeywell International in the second quarter worth $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup upped their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday. UBS Group restated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered 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, The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $248.77.

Honeywell International Stock Down 0.2 %

NASDAQ:HON opened at $227.13 on Friday. The firm has a 50-day simple moving average of $220.58 and a two-hundred day simple moving average of $211.47. The firm has a market cap of $147.69 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.85 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. 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 1.99%. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

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.