Honeywell International Inc. (NASDAQ:HON) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the third quarter, HoldingsChannel reports. The firm owned 9,378,933 shares of the conglomerate’s stock after selling 627,941 shares during the period. Honeywell International accounts for about 0.6% of Franklin Resources Inc.’s holdings, making the stock its 29th biggest holding. Franklin Resources Inc.’s holdings in Honeywell International were worth $2,040,856,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the third quarter valued at $29,000. Financial Avengers Inc. raised its position in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $227.69 on Friday. The company has a 50-day moving average price of $220.58 and a 200 day moving average price of $211.47. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. 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 stock has a market cap of $148.06 billion, a P/E ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HON shares. Citigroup increased their price target on Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $248.77.

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.