Quest Partners LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 471,350.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,429 shares of the conglomerate's stock after purchasing an additional 9,427 shares during the quarter. Quest Partners LLC's holdings in Honeywell International were worth $1,949,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quent Capital LLC lifted its stake in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate's stock valued at $353,000 after acquiring an additional 77 shares during the period. Covestor Ltd grew its position in Honeywell International by 17.3% during the 1st quarter. Covestor Ltd now owns 447 shares of the conglomerate's stock worth $92,000 after purchasing an additional 66 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Honeywell International by 60.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 7,202 shares of the conglomerate's stock valued at $1,478,000 after buying an additional 2,723 shares during the period. MQS Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth about $742,000. Finally, Leelyn Smith LLC raised its position in Honeywell International by 2.5% during the first quarter. Leelyn Smith LLC now owns 19,451 shares of the conglomerate's stock valued at $3,992,000 after acquiring an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on HON. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. 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 target price on the stock. JPMorgan Chase & Co. cut their price target 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. Wolfe Research downgraded Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and an average price target of $241.45.
Check Out Our Latest Stock Report on Honeywell International
Honeywell International Trading Down 0.3 %
Honeywell International stock traded down $0.65 during trading on Tuesday, hitting $228.20. The company's stock had a trading volume of 3,694,651 shares, compared to its average volume of 3,107,213. 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 stock has a market capitalization of $148.39 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. The stock's fifty day moving average is $211.94 and its 200 day moving average is $208.19. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.
Honeywell International Increases Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International's dividend payout ratio (DPR) is presently 52.19%.
Honeywell International 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.
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