DRW Securities LLC raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 61.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,614 shares of the conglomerate's stock after purchasing an additional 2,511 shares during the quarter. DRW Securities LLC's holdings in Honeywell International were worth $1,367,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of HON. RIA Advisory Group LLC purchased a new position in Honeywell International during the 3rd quarter valued at about $6,124,000. EP Wealth Advisors LLC increased its position in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC grew its stake in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock worth $15,199,000 after buying an additional 52,830 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock worth $6,039,000 after acquiring an additional 5,750 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Honeywell International by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock valued at $71,619,000 after acquiring an additional 8,687 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on HON shares. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Robert W. Baird downgraded 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. Citigroup decreased their price target on Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $241.45.
Check Out Our Latest Analysis on Honeywell International
Honeywell International Stock Performance
HON traded down $0.20 during trading hours on Tuesday, hitting $230.40. 4,203,142 shares of the stock were exchanged, compared to its average volume of 3,136,041. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a 50-day simple moving average of $214.90 and a 200-day simple moving average of $209.46. The stock has a market cap of $149.82 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03.
Honeywell International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 is a positive change from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. Honeywell International's payout ratio is 52.19%.
Honeywell International Company Profile
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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.
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