Transcendent Capital Group LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Transcendent Capital Group LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2,631.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,103 shares of the conglomerate’s stock after acquiring an additional 2,026 shares during the period. Transcendent Capital Group LLC’s holdings in Honeywell International were worth $435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. LGT Group Foundation purchased a new position in Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the first quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the second quarter worth $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Stock Up 0.9 %

Honeywell International stock opened at $219.49 on Friday. The firm has a market capitalization of $142.72 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03. The company has a 50-day simple moving average of $208.74 and a 200-day simple moving average of $206.49. Honeywell International Inc. has a one year low of $183.20 and a one year 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.

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 $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.06%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 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.