Ceredex Value Advisors LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

Ceredex Value Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,067 shares of the conglomerate’s stock after selling 124,254 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Honeywell International were worth $34,328,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HON. Cypress Wealth Services LLC grew its stake in Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares in the last quarter. Absher Wealth Management LLC grew its stake in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares in the last quarter. Bard Financial Services Inc. grew its position in shares of Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC raised its position in shares of Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC grew its position in Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $209.19 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. Honeywell International Inc. has a twelve month low of $183.20 and a twelve month high of $222.98. The stock has a market cap of $136.03 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The firm’s fifty day simple moving average is $207.95 and its 200 day simple moving average is $205.74.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 49.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. JPMorgan Chase & Co. dropped their price target 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. Barclays lowered their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $223.73.

Read Our Latest Analysis on Honeywell International

About Honeywell International

(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.

Further Reading

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).