Principal Financial Group Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 797,426 shares of the conglomerate's stock after purchasing an additional 28,812 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Honeywell International worth $164,836,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp increased its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter valued at about $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.
Honeywell International Stock Performance
Shares of NASDAQ HON traded up $1.44 during trading hours on Friday, reaching $228.32. The stock had a trading volume of 6,832,811 shares, compared to its average volume of 3,205,467. The company has a market cap of $148.46 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.85 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The business's fifty day moving average is $223.01 and its two-hundred day moving average is $212.70. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. Honeywell International's dividend payout ratio (DPR) is presently 52.19%.
Analyst Upgrades and Downgrades
HON has been the subject of several analyst reports. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Tuesday. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Barclays lifted their target price on shares of Honeywell International from $252.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Finally, Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $249.57.
Get Our Latest 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.
Read More
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
