Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,821 shares of the conglomerate's stock after acquiring an additional 9,909 shares during the quarter. Empowered Funds LLC's holdings in Honeywell International were worth $10,919,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HON. LGT Group Foundation purchased a new position in Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp grew its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

HON traded down $0.55 on Friday, reaching $228.99. The stock had a trading volume of 3,707,893 shares, compared to its average volume of 3,103,041. The business's 50-day moving average price is $211.39 and its two-hundred day moving average price is $207.74. The company has a market cap of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm 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 $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is currently 52.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. Royal Bank of Canada increased their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research report on Wednesday. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. UBS Group reaffirmed a "buy" rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Finally, Wolfe Research downgraded shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Nine investment 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, Honeywell International currently has an average rating of "Hold" and an average price target of $241.45.

Honeywell International Company 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.