B. Riley Wealth Advisors Inc. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

B. Riley Wealth Advisors Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,506 shares of the conglomerate’s stock after selling 4,241 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Honeywell International were worth $8,132,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Financial Group LLC purchased a new position in shares of Honeywell International during the second quarter valued at approximately $248,000. Gradient Investments LLC raised its holdings in Honeywell International by 24.9% in the 2nd quarter. Gradient Investments LLC now owns 1,788 shares of the conglomerate’s stock worth $382,000 after purchasing an additional 356 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of Honeywell International by 22.4% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 1,411 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 258 shares during the period. ARS Wealth Advisors Group LLC boosted its stake in shares of Honeywell International by 1.3% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 77,083 shares of the conglomerate’s stock valued at $16,460,000 after purchasing an additional 981 shares in the last quarter. Finally, Boomfish Wealth Group LLC raised its stake in Honeywell International by 1.0% in the second quarter. Boomfish Wealth Group LLC now owns 6,391 shares of the conglomerate’s stock worth $1,365,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. Barclays upped their price target on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $248.77.

Honeywell International Stock Performance

Shares of HON stock opened at $227.62 on Friday. The firm has a market capitalization of $148.01 billion, a PE ratio of 26.28, a P/E/G ratio of 2.85 and a beta of 1.05. The company has a 50 day moving average price of $221.06 and a 200-day moving average price of $211.66. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was 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.