Horizon Kinetics Asset Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,553 shares of the conglomerate's stock after buying an additional 3,400 shares during the quarter. Horizon Kinetics Asset Management LLC's holdings in Honeywell International were worth $1,975,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Quent Capital LLC boosted its position in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate's stock worth $353,000 after acquiring an additional 77 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in Honeywell International during the first quarter valued at approximately $263,000. Meiji Yasuda Life Insurance Co acquired a new position in Honeywell International in the 1st quarter valued at approximately $1,037,000. Tidal Investments LLC lifted its position in Honeywell International by 75.7% in the 1st quarter. Tidal Investments LLC now owns 25,977 shares of the conglomerate's stock worth $5,332,000 after buying an additional 11,195 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Honeywell International during the 1st quarter valued at $2,417,000. 75.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on HON shares. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. 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 research note on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price target for the company. UBS Group reaffirmed a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $241.45.
View Our Latest Stock Analysis on Honeywell International
Honeywell International Stock Performance
HON stock traded down $0.20 during mid-day trading on Tuesday, reaching $230.40. 4,203,142 shares of the stock traded hands, compared to its average volume of 3,136,041. The firm has a market capitalization of $149.82 billion, a PE ratio of 26.61, a P/E/G ratio of 2.72 and a beta of 1.03. The business has a 50-day moving average of $214.90 and a two-hundred day moving average of $209.46. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio (DPR) is 52.19%.
About Honeywell International
(
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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