Wilmington Savings Fund Society FSB Acquires 17,785 Shares of Honeywell International Inc. (NASDAQ:HON)

Wilmington Savings Fund Society FSB grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 119,378 shares of the conglomerate's stock after buying an additional 17,785 shares during the period. Wilmington Savings Fund Society FSB's holdings in Honeywell International were worth $24,677,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. lifted its holdings in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp boosted its position in shares of 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 acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.6 %

NASDAQ HON traded down $1.37 on Thursday, reaching $227.69. The company had a trading volume of 2,715,567 shares, compared to its average volume of 3,143,331. The company's fifty day moving average is $220.08 and its 200-day moving average is $211.36. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market capitalization of $148.05 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Barclays increased their price objective on Honeywell International from $252.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $248.77.

Honeywell International Company 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.