L & S Advisors Inc bought a new stake in Honeywell International Inc. (NASDAQ:HON – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,710 shares of the conglomerate’s stock, valued at approximately $353,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cypress Wealth Services LLC increased its stake in shares of Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the period. Absher Wealth Management LLC raised its stake in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares in the last quarter. Bard Financial Services Inc. grew its stake in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC increased its holdings in shares of Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares during the period. Finally, CFM Wealth Partners LLC raised its stake in shares of Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on HON. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company upped their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.45.
Honeywell International Stock Performance
Shares of Honeywell International stock opened at $225.79 on Friday. The stock has a market cap of $146.82 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. 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 business has a fifty day simple moving average of $213.36 and a 200-day simple moving average of $208.66.
Honeywell International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is 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.
Featured Stories
- Five stocks we like better than Honeywell International
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Can BioMarin Stock Live Up to Wall Street’s High Expectations?
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Rock-Solid Buying Opportunities in the Market Right Now
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.