Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Phraction Management LLC

Phraction Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,393 shares of the conglomerate’s stock after acquiring an additional 124 shares during the period. Honeywell International makes up approximately 4.9% of Phraction Management LLC’s investment portfolio, making the stock its 7th biggest position. Phraction Management LLC’s holdings in Honeywell International were worth $13,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schear Investment Advisers LLC lifted its position in Honeywell International by 8.6% in the 3rd quarter. Schear Investment Advisers LLC now owns 6,712 shares of the conglomerate’s stock worth $1,387,000 after buying an additional 529 shares in the last quarter. River Street Advisors LLC boosted its holdings in Honeywell International by 5.8% during the third quarter. River Street Advisors LLC now owns 5,404 shares of the conglomerate’s stock valued at $1,117,000 after acquiring an additional 295 shares during the period. RIA Advisory Group LLC bought a new stake in shares of Honeywell International in the third quarter valued at approximately $6,124,000. Natixis Advisors LLC increased its holdings in shares of Honeywell International by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 628,077 shares of the conglomerate’s stock worth $129,830,000 after purchasing an additional 7,499 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $228.99 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm’s 50 day moving average is $211.39 and its 200-day moving average is $207.85. The company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The business 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 $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 1.97%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company boosted their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $241.45.

About Honeywell International

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.