Hennion & Walsh Asset Management Inc. Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 20.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,070 shares of the conglomerate’s stock after selling 538 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Honeywell International were worth $430,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter worth $39,000. TruNorth Capital Management LLC purchased a new stake in Honeywell International during the 2nd quarter worth about $43,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Honeywell International in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America restated a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday. JPMorgan Chase & Co. decreased 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. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Monday. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Down 0.9 %

NASDAQ:HON opened at $206.10 on Tuesday. The company has a market capitalization of $134.21 billion, a PE ratio of 23.88, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $176.60 and a 52-week high of $222.98. The stock’s 50 day moving average price is $207.53 and its 200 day moving average price is $205.58. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. 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 dividend yield of 2.19%. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

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.