Sfmg LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,393 shares of the conglomerate's stock after buying an additional 4,679 shares during the period. Honeywell International comprises about 0.5% of Sfmg LLC's holdings, making the stock its 28th largest position. Sfmg LLC's holdings in Honeywell International were worth $5,869,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the third quarter worth about $29,000. Financial Avengers Inc. grew its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares during the last quarter. Planning Capital Management Corp grew its holdings in shares of 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. purchased a new position in shares of Honeywell International during the second quarter worth about $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Price Performance
Shares of NASDAQ:HON traded down $1.37 during trading on Thursday, hitting $227.69. 2,715,567 shares of the stock were exchanged, compared to its average volume of 3,143,331. The company has a fifty day moving average price of $220.08 and a two-hundred day moving average price of $211.36. The company has a market cap of $148.05 billion, a PE ratio of 26.49, a P/E/G ratio of 2.82 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.
Honeywell International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $1.13 per share. This is an increase from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, November 15th. Honeywell International's payout ratio is currently 52.19%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a report on Monday. Barclays lifted their price objective on Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $248.77.
View Our Latest Stock Report on HON
Honeywell International Company Profile
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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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