Argonautica Private Wealth Management Inc. Acquires 1,910 Shares of Honeywell International Inc. (NASDAQ:HON)

Argonautica Private Wealth Management Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 18.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,466 shares of the conglomerate’s stock after acquiring an additional 1,910 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Honeywell International were worth $2,577,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the 2nd quarter worth $392,478,000. Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC increased its position in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the period. Natixis raised its holdings in shares of Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $209.19 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company’s fifty day moving average price is $207.95 and its 200-day moving average price is $205.85. Honeywell International Inc. has a 1-year low of $183.20 and a 1-year high of $222.98. The firm has a market capitalization of $136.03 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 49.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on HON. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.