Accent Capital Management LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 261.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,888 shares of the conglomerate's stock after buying an additional 6,428 shares during the quarter. Honeywell International accounts for approximately 1.1% of Accent Capital Management LLC's holdings, making the stock its 18th largest position. Accent Capital Management LLC's holdings in Honeywell International were worth $1,837,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter worth $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp increased its holdings in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the first quarter worth approximately $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HON has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. UBS Group restated a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a report on Wednesday. Nine investment 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 price target of $241.45.
Read Our Latest Research Report on HON
Honeywell International Stock Performance
Shares of NASDAQ:HON traded down $0.55 during midday trading on Friday, reaching $228.99. The company's stock had a trading volume of 3,707,893 shares, compared to its average volume of 5,787,537. Honeywell International Inc. has a twelve month low of $189.66 and a twelve 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 firm has a market capitalization of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.72 and a beta of 1.03. The stock has a fifty day moving average of $211.39 and a 200 day moving average of $207.85.
Honeywell International Increases Dividend
The company 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio (DPR) is presently 49.88%.
Honeywell International Company Profile
(
Free Report)
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.
Further Reading
Before you consider Honeywell International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honeywell International wasn't on the list.
While Honeywell International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
