Mutual of America Capital Management LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,735 shares of the conglomerate's stock after selling 2,612 shares during the period. Mutual of America Capital Management LLC's holdings in Honeywell International were worth $17,516,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Wealth Planning LLC acquired a new position in shares of Honeywell International in the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate's stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. International Assets Investment Management LLC raised its position in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock worth $129,415,000 after acquiring an additional 575,865 shares during the period. Finally, Natixis boosted its holdings in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate's stock valued at $172,146,000 after acquiring an additional 544,175 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Honeywell International Stock Down 0.2 %
Shares of HON traded down $0.55 during mid-day trading on Friday, reaching $228.99. 3,707,893 shares of the stock traded hands, compared to its average volume of 5,787,537. The stock has a fifty day simple moving average of $211.39 and a 200 day simple moving average of $207.85. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month 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. The firm has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 2.72 and a beta of 1.03.
Honeywell International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International's payout ratio is currently 49.88%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HON. JPMorgan Chase & Co. cut their target price 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 began coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an "equal weight" rating and a $210.00 price target on the stock. Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $241.45.
Read Our Latest Stock Analysis on HON
Honeywell International Company Profile
(
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.
Further Reading
Before you consider Honeywell International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honeywell International wasn't on the list.
While Honeywell International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
