International Assets Investment Management LLC Purchases 944,876 Shares of Honeywell International Inc. (NASDAQ:HON)

International Assets Investment Management LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 24,683.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 948,704 shares of the conglomerate’s stock after buying an additional 944,876 shares during the quarter. International Assets Investment Management LLC’s holdings in Honeywell International were worth $1,961,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC boosted its position in Honeywell International by 26.4% during the first quarter. Sound Income Strategies LLC now owns 824 shares of the conglomerate’s stock worth $169,000 after purchasing an additional 172 shares during the period. Brookstone Capital Management boosted its position in Honeywell International by 2.8% during the first quarter. Brookstone Capital Management now owns 45,998 shares of the conglomerate’s stock worth $9,441,000 after purchasing an additional 1,246 shares during the period. Future Financial Wealth Managment LLC bought a new position in Honeywell International during the first quarter worth $101,000. Sovereign Financial Group Inc. boosted its position in Honeywell International by 11.4% during the first quarter. Sovereign Financial Group Inc. now owns 1,838 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 188 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Honeywell International by 351.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock worth $2,248,000 after buying an additional 8,527 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ HON opened at $220.34 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a market cap of $143.48 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a 50-day moving average price of $206.99 and a two-hundred day moving average price of $205.30.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 52.38%.

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.