Valley Wealth Managers Inc. Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Valley Wealth Managers Inc. raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 84,427 shares of the conglomerate's stock after acquiring an additional 2,220 shares during the period. Valley Wealth Managers Inc.'s holdings in Honeywell International were worth $17,452,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp lifted its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.2 %

HON traded down $0.55 during midday trading on Friday, reaching $228.99. 3,672,737 shares of the company's stock traded hands, compared to its average volume of 3,103,041. The firm has a fifty day moving average of $210.77 and a two-hundred day moving average of $207.50. The stock has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.77 and a beta of 1.03. 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 Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is an increase 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 1.97%. Honeywell International's dividend payout ratio is 49.88%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HON shares. Robert W. Baird lowered Honeywell International from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and an average target price of $241.45.

Honeywell International Profile

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.