Arvest Investments Inc. Has $1.29 Million Position in Honeywell International Inc. (NASDAQ:HON)

Arvest Investments Inc. grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,251 shares of the conglomerate’s stock after purchasing an additional 64 shares during the quarter. Arvest Investments Inc.’s holdings in Honeywell International were worth $1,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cypress Wealth Services LLC grew its position in shares of Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the last quarter. Absher Wealth Management LLC grew its position in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares in the last quarter. Bard Financial Services Inc. grew its position in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares in the last quarter. ZRC Wealth Management LLC grew its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC grew its position in Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $1.99 during trading on Friday, reaching $219.49. The stock had a trading volume of 5,694,771 shares, compared to its average volume of 4,861,205. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. The business’s 50-day moving average price is $208.74 and its 200 day moving average price is $206.56. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market capitalization of $142.72 billion, a PE ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HON shares. Bank of America reissued a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada decreased their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Barclays cut their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.