CIBC Asset Management Inc Acquires 10,638 Shares of Honeywell International Inc. (NASDAQ:HON)

CIBC Asset Management Inc lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,653 shares of the conglomerate's stock after acquiring an additional 10,638 shares during the period. CIBC Asset Management Inc's holdings in Honeywell International were worth $53,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter valued at $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth approximately $29,000. Planning Capital Management Corp increased its position 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 acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.06 during trading hours on Friday, hitting $229.61. The company's stock had a trading volume of 1,967,176 shares, compared to its average volume of 3,095,199. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The business has a 50 day moving average price of $210.77 and a two-hundred day moving average price of $207.50. The company has a market cap of $149.30 billion, a PE ratio of 26.62, a PEG ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. Honeywell International's dividend payout ratio is presently 49.88%.

Analysts Set New Price Targets

Several equities analysts have issued reports on HON shares. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday. Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $241.45.

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.