Hilltop Holdings Inc. Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Hilltop Holdings Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 348.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,804 shares of the conglomerate’s stock after acquiring an additional 29,371 shares during the period. Hilltop Holdings Inc.’s holdings in Honeywell International were worth $7,814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares in the last quarter. Legal & General Group Plc raised its position in Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after purchasing an additional 42,287 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Honeywell International by 7.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock worth $661,000,000 after purchasing an additional 228,880 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Honeywell International by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,061,639 shares of the conglomerate’s stock valued at $632,871,000 after purchasing an additional 108,160 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $232.93 on Monday. The company has a 50-day simple moving average of $216.57 and a two-hundred day simple moving average of $210.03. 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 firm has a market capitalization of $151.46 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

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.