Blankinship & Foster LLC Buys Shares of 16,757 Honeywell International Inc. (NASDAQ:HON)

Blankinship & Foster LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,757 shares of the conglomerate's stock, valued at approximately $3,464,000. Honeywell International accounts for approximately 0.6% of Blankinship & Foster LLC's holdings, making the stock its 23rd largest holding.

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

Honeywell International Stock Down 0.6 %

Shares of HON traded down $1.37 on Thursday, hitting $227.69. 2,715,567 shares of the stock traded hands, compared to its average volume of 3,143,331. The company has a market capitalization of $148.05 billion, a PE ratio of 26.49, a P/E/G ratio of 2.82 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. 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 business has a 50 day simple moving average of $220.08 and a 200 day simple moving average of $211.36.

Honeywell International Increases Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Barclays increased 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. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.