MML Investors Services LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

MML Investors Services LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,472 shares of the conglomerate’s stock after buying an additional 5,735 shares during the quarter. MML Investors Services LLC’s holdings in Honeywell International were worth $27,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HON. RIA Advisory Group LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth $6,124,000. EP Wealth Advisors LLC boosted its stake in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after buying an additional 5,750 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Wells Fargo & Company raised 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $242.18.

Honeywell International Stock Performance

Shares of HON opened at $226.38 on Monday. 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 stock has a market cap of $147.20 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.86 and a beta of 1.05. The business’s 50 day moving average price is $218.75 and its 200-day moving average price is $210.84. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.19%.

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.