BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 4,147 Shares of Honeywell International Inc. (NASDAQ:HON)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 313,690 shares of the conglomerate’s stock after selling 4,147 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Honeywell International were worth $64,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the third quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp grew its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HON. UBS Group restated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Honeywell International stock opened at $232.93 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market cap of $151.46 billion, a PE ratio of 26.90, a P/E/G ratio of 2.73 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The business’s 50-day moving average price is $216.57 and its two-hundred day moving average price is $209.95.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 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.