Rational Advisors LLC Sells 889 Shares of Honeywell International Inc. (NASDAQ:HON)

Rational Advisors LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 82.9% in the third quarter, HoldingsChannel reports. The fund owned 184 shares of the conglomerate’s stock after selling 889 shares during the period. Rational Advisors LLC’s holdings in Honeywell International were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. LGT Group Foundation purchased a new position in Honeywell International during the 1st quarter valued at about $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter valued at about $29,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the 1st quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in Honeywell International during the 1st quarter valued at about $42,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays reduced their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

Honeywell International stock opened at $207.54 on Tuesday. 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 company has a market capitalization of $134.95 billion, a P/E ratio of 23.97, a PEG ratio of 2.44 and a beta of 1.03. The stock’s 50 day moving average is $208.03 and its 200 day moving average is $206.07. Honeywell International Inc. has a twelve month low of $183.20 and a twelve month high of $222.98.

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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.18%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.19%.

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.