The Manufacturers Life Insurance Company Raises Position in Honeywell International Inc. (NASDAQ:HON)

The Manufacturers Life Insurance Company lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 37.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 770,228 shares of the conglomerate’s stock after buying an additional 208,646 shares during the quarter. The Manufacturers Life Insurance Company owned 0.12% of Honeywell International worth $159,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Capital Wealth Planning LLC acquired a new position in shares of Honeywell International in the second quarter worth about $392,478,000. International Assets Investment Management LLC increased its holdings in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company increased their price target on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Performance

HON stock opened at $230.40 on Wednesday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The stock has a market capitalization of $149.82 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.72 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock’s fifty day moving average is $214.90 and its two-hundred day moving average is $209.46.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Honeywell International Company 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.