MetLife Investment Management LLC Sells 4,454 Shares of Honeywell International Inc. (NASDAQ:HON)

MetLife Investment Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,935 shares of the conglomerate’s stock after selling 4,454 shares during the quarter. MetLife Investment Management LLC’s holdings in Honeywell International were worth $35,954,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at $123,000. CreativeOne Wealth LLC lifted its holdings in Honeywell International by 7.8% during the third quarter. CreativeOne Wealth LLC now owns 4,015 shares of the conglomerate’s stock worth $830,000 after acquiring an additional 292 shares in the last quarter. BNP Paribas bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $3,886,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Honeywell International by 106.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 123,501 shares of the conglomerate’s stock valued at $25,529,000 after purchasing an additional 63,718 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Honeywell International in the third quarter worth $230,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HON shares. Barclays increased their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Trading Down 0.1 %

NASDAQ:HON opened at $230.40 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The firm’s fifty day moving average is $214.90 and its 200-day moving average is $209.46. The firm has a market cap of $149.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 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.