Prospera Financial Services Inc Acquires 5,802 Shares of Honeywell International Inc. (NASDAQ:HON)

Prospera Financial Services Inc grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,500 shares of the conglomerate's stock after acquiring an additional 5,802 shares during the period. Prospera Financial Services Inc's holdings in Honeywell International were worth $10,236,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HON. RIA Advisory Group LLC bought a new position in shares of Honeywell International during the third quarter worth approximately $6,124,000. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock worth $72,044,000 after buying an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC grew its stake in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock worth $15,199,000 after buying an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock valued at $6,039,000 after buying an additional 5,750 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock worth $71,619,000 after acquiring an additional 8,687 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON traded down $0.81 on Tuesday, hitting $228.04. 1,399,741 shares of the company traded hands, compared to its average volume of 3,096,968. The company has a market capitalization of $148.28 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business's 50 day moving average price is $211.94 and its 200-day moving average price is $208.19. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

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. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International's payout ratio is 52.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. UBS Group restated a "buy" rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Barclays lifted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 13th. Finally, Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $241.45.

About Honeywell International

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.