J. W. Coons Advisors LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

J. W. Coons Advisors LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.8% during the third quarter, Holdings Channel reports. The firm owned 1,990 shares of the conglomerate’s stock after selling 267 shares during the period. J. W. Coons Advisors LLC’s holdings in Honeywell International were worth $411,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HON. Taurus Asset Management LLC boosted its position in shares of Honeywell International by 5.6% in the 3rd quarter. Taurus Asset Management LLC now owns 1,346 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 71 shares during the period. Quest Partners LLC raised its position in Honeywell International by 471,350.0% in the 3rd quarter. Quest Partners LLC now owns 9,429 shares of the conglomerate’s stock valued at $1,949,000 after purchasing an additional 9,427 shares during the last quarter. Aljian Capital Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth $216,000. Accent Capital Management LLC grew its position in Honeywell International by 261.3% during the 3rd quarter. Accent Capital Management LLC now owns 8,888 shares of the conglomerate’s stock worth $1,837,000 after purchasing an additional 6,428 shares during the last quarter. Finally, Adero Partners LLC increased its stake in Honeywell International by 9.6% in the third quarter. Adero Partners LLC now owns 1,269 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.7 %

Shares of NASDAQ HON opened at $228.99 on Monday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The firm has a market cap of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The firm’s 50 day moving average price is $211.39 and its 200 day moving average price is $207.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared 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 represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective 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, November 13th. Barclays lifted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, UBS Group reiterated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $241.45.

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.