Cassaday & Co Wealth Management LLC Has $1.04 Million Position in Honeywell International Inc. (NASDAQ:HON)

Cassaday & Co Wealth Management LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,011 shares of the conglomerate’s stock after selling 113 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Honeywell International were worth $1,036,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.7 %

NASDAQ HON opened at $228.99 on Monday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The stock’s 50 day moving average is $211.39 and its two-hundred day moving average is $207.94. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.72 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 of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HON. 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. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and an average price target 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.