Honeywell International Inc. (NASDAQ:HON) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,043 shares of the conglomerate’s stock after selling 1,039 shares during the period. Jackson Square Capital LLC’s holdings in Honeywell International were worth $2,076,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LGT Group Foundation acquired a new stake in Honeywell International in the first quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the 3rd quarter worth approximately $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Honeywell International in the second quarter worth $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HON. Barclays cut their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Up 3.6 %

Shares of Honeywell International stock opened at $216.40 on Thursday. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of $140.71 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The firm has a 50-day simple moving average of $208.31 and a two-hundred day simple moving average of $206.25.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

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.