Alan B Lancz & Associates Inc. Purchases 400 Shares of Honeywell International Inc. (NASDAQ:HON)

Alan B Lancz & Associates Inc. lifted its position in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,361 shares of the conglomerate’s stock after acquiring an additional 400 shares during the quarter. Honeywell International accounts for 1.6% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 12th largest position. Alan B Lancz & Associates Inc.’s holdings in Honeywell International were worth $1,728,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Quent Capital LLC grew its position in Honeywell International by 4.7% in 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 last quarter. Atomi Financial Group Inc. lifted its holdings in Honeywell International by 95.4% during the 1st quarter. Atomi Financial Group Inc. now owns 5,836 shares of the conglomerate’s stock valued at $1,198,000 after buying an additional 2,849 shares in the last quarter. Sei Investments Co. boosted its position in Honeywell International by 0.3% in the 1st quarter. Sei Investments Co. now owns 363,312 shares of the conglomerate’s stock valued at $74,571,000 after buying an additional 1,035 shares during the period. Fiduciary Family Office LLC grew its stake in Honeywell International by 11.0% in the 1st quarter. Fiduciary Family Office LLC now owns 2,153 shares of the conglomerate’s stock worth $442,000 after acquiring an additional 213 shares in the last quarter. Finally, Choate Investment Advisors boosted its holdings in shares of Honeywell International by 21.3% in the first quarter. Choate Investment Advisors now owns 37,992 shares of the conglomerate’s stock valued at $7,798,000 after purchasing an additional 6,663 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $219.49 on Friday. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a market cap of $142.72 billion, a PE ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03. 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 $208.74 and a two-hundred day simple moving average of $206.49.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid 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 of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s dividend payout ratio is presently 49.88%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Citigroup cut their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $223.73.

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.