Linscomb Wealth Inc. Has $8.16 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Linscomb Wealth Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,475 shares of the conglomerate’s stock after selling 694 shares during the period. Linscomb Wealth Inc.’s holdings in Honeywell International were worth $8,160,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HON. Bank of Marin grew its position in Honeywell International by 10.1% during the 3rd quarter. Bank of Marin now owns 3,322 shares of the conglomerate’s stock worth $687,000 after acquiring an additional 305 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in shares of Honeywell International by 2.7% in the third quarter. Valley Wealth Managers Inc. now owns 84,427 shares of the conglomerate’s stock valued at $17,452,000 after buying an additional 2,220 shares during the period. Empowered Funds LLC boosted its position in Honeywell International by 23.1% during the 3rd quarter. Empowered Funds LLC now owns 52,821 shares of the conglomerate’s stock worth $10,919,000 after buying an additional 9,909 shares during the period. Empirical Finance LLC increased its position in Honeywell International by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 23,059 shares of the conglomerate’s stock valued at $4,767,000 after acquiring an additional 433 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its stake in shares of Honeywell International by 1.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 3,422 shares of the conglomerate’s stock valued at $707,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $1.33 on Friday, hitting $229.34. The stock had a trading volume of 500,946 shares, compared to its average volume of 3,088,595. The business’s 50-day simple moving average is $210.77 and its two-hundred day simple moving average is $207.50. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market cap of $149.13 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of 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 cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $241.45.

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.