Arvest Bank Trust Division Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Arvest Bank Trust Division bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,996 shares of the conglomerate's stock, valued at approximately $12,815,000.

A number of other institutional investors have also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $29,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp raised its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.6 %

HON traded down $1.37 on Thursday, reaching $227.69. 2,715,567 shares of the company traded hands, compared to its average volume of 3,143,331. The company has a market cap of $148.05 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.82 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 one year low of $189.66 and a one year high of $242.77. The firm has a fifty day simple moving average of $220.08 and a two-hundred day simple moving average of $211.36.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. Honeywell International's dividend payout ratio is presently 52.19%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday. Barclays lifted their price target on shares of Honeywell International from $252.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. UBS Group restated a "buy" rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Finally, Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $248.77.

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.