Quest Partners LLC Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Quest Partners LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 471,350.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,429 shares of the conglomerate’s stock after purchasing an additional 9,427 shares during the period. Quest Partners LLC’s holdings in Honeywell International were worth $1,949,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at $29,000. Planning Capital Management Corp raised 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 purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the first quarter valued at about $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.1 %

Shares of NASDAQ HON opened at $228.85 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $148.81 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The business has a 50-day simple moving average of $211.94 and a two-hundred day simple moving average of $208.19.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.98%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 49.88%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Wells Fargo & Company lifted their price target 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. UBS Group reissued a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Barclays upped their price target on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $241.45.

About Honeywell International

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.