Brown Brothers Harriman & Co. Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Brown Brothers Harriman & Co. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,912 shares of the conglomerate’s stock after selling 551 shares during the period. Brown Brothers Harriman & Co.’s holdings in Honeywell International were worth $3,703,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp raised its stake 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 period. Financial Connections Group Inc. bought a new position in Honeywell International in the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the 1st quarter valued at about $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International during the second quarter valued at about $43,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. UBS Group restated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Citigroup lowered their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Up 0.7 %

NASDAQ HON opened at $230.60 on Tuesday. The firm has a market cap of $149.95 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The stock has a 50-day moving average of $214.38 and a 200-day moving average of $209.27. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 1.96%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend 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.