Honeywell International Inc. (NASDAQ:HON) Position Raised by Tompkins Financial Corp

Tompkins Financial Corp grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,831 shares of the conglomerate’s stock after purchasing an additional 1,731 shares during the period. Tompkins Financial Corp’s holdings in Honeywell International were worth $10,507,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its holdings in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC grew its position in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after acquiring an additional 8,687 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Honeywell International by 413.2% during the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 2,599 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Honeywell International during the first quarter valued at $1,398,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON traded up $1.99 during mid-day trading on Friday, hitting $219.49. 5,694,771 shares of the company’s stock traded hands, compared to its average volume of 3,029,349. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $208.74 and a two-hundred day moving average of $206.49. The firm has a market capitalization of $142.72 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $183.20 and a 12 month high of $222.98.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HON shares. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada dropped their price objective 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. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $223.73.

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.