SevenBridge Financial Group LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

SevenBridge Financial Group LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,798 shares of the conglomerate’s stock after buying an additional 1,843 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Honeywell International were worth $3,558,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HON. Borer Denton & Associates Inc. lifted its position in Honeywell International by 3.1% during the third quarter. Borer Denton & Associates Inc. now owns 32,337 shares of the conglomerate’s stock valued at $6,684,000 after purchasing an additional 962 shares in the last quarter. Alpha DNA Investment Management LLC lifted its position in shares of Honeywell International by 255.8% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 18,653 shares of the conglomerate’s stock valued at $3,856,000 after buying an additional 13,411 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Honeywell International by 29.4% during the 3rd quarter. Larson Financial Group LLC now owns 4,206 shares of the conglomerate’s stock valued at $869,000 after acquiring an additional 955 shares during the period. Managed Asset Portfolios LLC bought a new stake in Honeywell International during the 3rd quarter worth approximately $3,397,000. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in Honeywell International by 8.8% during the third quarter. Sompo Asset Management Co. Ltd. now owns 2,830 shares of the conglomerate’s stock valued at $585,000 after purchasing an additional 230 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 1.3 %

HON stock opened at $229.11 on Friday. The firm has a fifty day moving average price of $213.86 and a 200 day moving average price of $208.98. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market cap of $148.98 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.69 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.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Analyst Ratings Changes

Several analysts have recently commented on HON shares. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Barclays raised their price target on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut 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. Finally, Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus 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.