Prospera Private Wealth LLC Makes New $3.90 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Prospera Private Wealth LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,868 shares of the conglomerate's stock, valued at approximately $3,900,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter worth about $29,000. Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $39,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Barclays increased their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 13th. UBS Group restated a "buy" rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Robert W. Baird cut 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 report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $241.45.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.13 on Wednesday, hitting $227.07. 869,986 shares of the company traded hands, compared to its average volume of 3,097,167. 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 business has a 50-day simple moving average of $212.49 and a 200 day simple moving average of $208.41. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a market capitalization of $147.65 billion, a P/E ratio of 26.21, a price-to-earnings-growth 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. Stockholders 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. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is presently 52.19%.

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.