Honeywell International Inc. (NASDAQ:HON) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 255.2% in the third quarter, HoldingsChannel.com reports. The fund owned 73,529 shares of the conglomerate’s stock after purchasing an additional 52,830 shares during the period. SteelPeak Wealth LLC’s holdings in Honeywell International were worth $15,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Allspring Global Investments Holdings LLC grew its position in shares of Honeywell International by 12.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock valued at $33,409,000 after purchasing an additional 18,300 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Honeywell International by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 71,522 shares of the conglomerate’s stock valued at $14,679,000 after purchasing an additional 325 shares in the last quarter. E&G Advisors LP purchased a new stake in shares of Honeywell International during the first quarter worth $209,000. Norden Group LLC raised its position in Honeywell International by 2,574.1% in the 1st quarter. Norden Group LLC now owns 38,988 shares of the conglomerate’s stock valued at $8,004,000 after purchasing an additional 37,530 shares in the last quarter. Finally, Kovack Advisors Inc. raised its holdings in Honeywell International by 21.1% in the first quarter. Kovack Advisors Inc. now owns 3,682 shares of the conglomerate’s stock valued at $756,000 after acquiring an additional 642 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HON. Royal Bank of Canada dropped their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Barclays lowered their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Performance

HON remained flat at $205.98 during trading on Wednesday. 1,517,319 shares of the company’s stock traded hands, compared to its average volume of 2,931,485. Honeywell International Inc. has a 12 month low of $179.18 and a 12 month high of $222.98. The company has a market capitalization of $134.13 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $207.65 and a 200-day moving average of $205.65.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.38%.

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.