Plato Investment Management Ltd Buys 7,740 Shares of Honeywell International Inc. (NASDAQ:HON)

Plato Investment Management Ltd grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 346.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,975 shares of the conglomerate's stock after purchasing an additional 7,740 shares during the quarter. Plato Investment Management Ltd's holdings in Honeywell International were worth $2,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International in the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter worth approximately $29,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter worth approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth approximately $39,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Finally, Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an "equal weight" rating and a $210.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of "Hold" and a consensus price target of $241.45.

Honeywell International Price Performance

Shares of HON traded down $2.40 during trading hours on Thursday, reaching $230.67. The stock had a trading volume of 3,836,966 shares, compared to its average volume of 3,100,299. Honeywell International Inc. has a 12 month low of $188.78 and a 12 month high of $242.77. The stock has a market capitalization of $149.99 billion, a PE ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company's 50-day moving average is $210.22 and its two-hundred day moving average is $207.34.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. 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 1.96%. The ex-dividend date is Friday, November 15th. Honeywell International's dividend payout ratio (DPR) is currently 49.88%.

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.