LRI Investments LLC Has $1.79 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

LRI Investments LLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 22.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,644 shares of the conglomerate’s stock after acquiring an additional 1,584 shares during the period. LRI Investments LLC’s holdings in Honeywell International were worth $1,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the third quarter worth $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter worth approximately $29,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Honeywell International in the 2nd quarter valued at $38,000. Finally, TruNorth Capital Management LLC bought a new position in Honeywell International during the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $226.38 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a fifty day moving average of $218.75 and a 200-day moving average of $210.84. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a market capitalization of $147.20 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.82 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Citigroup decreased their target price 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. Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $242.18.

Honeywell International 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.