Dearborn Partners LLC Sells 75 Shares of Honeywell International Inc. (NASDAQ:HON)

Dearborn Partners LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,997 shares of the conglomerate’s stock after selling 75 shares during the quarter. Dearborn Partners LLC’s holdings in Honeywell International were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Wealth Planning LLC acquired a new stake in Honeywell International during the second quarter worth $392,478,000. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 22.3% during the 1st 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 acquiring an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC increased its stake in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the period. Natixis raised its position in Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 1.0 %

Shares of NASDAQ HON opened at $230.67 on Friday. The firm’s 50-day moving average is $210.22 and its 200-day moving average is $207.34. Honeywell International Inc. has a 1 year low of $188.78 and a 1 year high of $242.77. The firm has a market capitalization of $149.99 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.96%. Honeywell International’s dividend payout ratio is presently 49.88%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Barclays increased their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Citigroup dropped their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average target price 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.