1776 Wealth LLC Sells 156 Shares of Honeywell International Inc. (NASDAQ:HON)

1776 Wealth LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,061 shares of the conglomerate’s stock after selling 156 shares during the quarter. 1776 Wealth LLC’s holdings in Honeywell International were worth $426,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. RIA Advisory Group LLC acquired a new stake in Honeywell International in the third quarter worth about $6,124,000. Natixis Advisors LLC increased its position in Honeywell International by 1.2% in the third quarter. Natixis Advisors LLC now owns 628,077 shares of the conglomerate’s stock worth $129,830,000 after purchasing an additional 7,499 shares during the period. Mizuho Securities USA LLC increased its position in Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after purchasing an additional 575,865 shares during the period. Northcape Wealth Management LLC increased its position in Honeywell International by 4.0% in the third quarter. Northcape Wealth Management LLC now owns 9,416 shares of the conglomerate’s stock worth $1,946,000 after purchasing an additional 364 shares during the period. Finally, Bank of Marin increased its position in Honeywell International by 10.1% in the third quarter. Bank of Marin now owns 3,322 shares of the conglomerate’s stock worth $687,000 after purchasing an additional 305 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON traded down $0.55 on Friday, reaching $228.99. The stock had a trading volume of 3,707,893 shares, compared to its average volume of 3,103,041. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a fifty day moving average of $211.39 and a two-hundred day moving average of $207.74. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market cap of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 49.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.