Prospera Private Wealth LLC Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

Prospera Private Wealth LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,868 shares of the conglomerate’s stock, valued at approximately $3,900,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter valued at about $29,000. Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.20 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity 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 50 day moving average is $212.49 and its two-hundred day moving average is $208.41. The firm has a market capitalization of $148.39 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently declared 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. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Barclays increased their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Citigroup lowered their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $241.45.

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.