Copley Financial Group Inc. Invests $454,000 in Honeywell International Inc. (NASDAQ:HON)

Copley Financial Group Inc. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,197 shares of the conglomerate's stock, valued at approximately $454,000.

Other large investors have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. grew its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new position in Honeywell International during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 9th. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Finally, HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $248.77.

Honeywell International Trading Down 0.0 %

Honeywell International stock traded down $0.07 during mid-day trading on Friday, hitting $227.62. 2,431,647 shares of the company's stock were exchanged, compared to its average volume of 3,140,381. The firm has a market capitalization of $148.01 billion, a P/E ratio of 26.28, a PEG ratio of 2.85 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company's 50 day simple moving average is $221.06 and its 200-day simple moving average is $211.66.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $1.13 per share. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is currently 52.19%.

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.