EagleClaw Capital Managment LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

EagleClaw Capital Managment LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,821 shares of the conglomerate’s stock after selling 410 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Honeywell International were worth $2,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Darwin Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $2,765,000. Portfolio Design Labs LLC purchased a new stake in Honeywell International during the third quarter valued at approximately $2,457,000. Ontario Teachers Pension Plan Board raised its position in Honeywell International by 7.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock worth $661,000,000 after acquiring an additional 228,880 shares during the period. First Horizon Advisors Inc. grew its position in shares of Honeywell International by 3.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 62,066 shares of the conglomerate’s stock valued at $12,830,000 after acquiring an additional 1,923 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Honeywell International by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,484 shares of the conglomerate’s stock worth $3,407,000 after purchasing an additional 425 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HON shares. JPMorgan Chase & Co. lowered their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $241.45.

Check Out Our Latest Stock Analysis on Honeywell International

Honeywell International Trading Down 0.2 %

HON traded down $0.57 during mid-day trading on Wednesday, hitting $227.63. 67,861 shares of the stock were exchanged, compared to its average volume of 3,093,715. The company has a market cap of $148.02 billion, a PE ratio of 26.35, a PEG ratio of 2.72 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. The firm’s fifty day moving average is $212.49 and its two-hundred day moving average is $208.41. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

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 issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.19%.

Honeywell International Profile

(Free Report)

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.

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