Honeywell International Inc. (NASDAQ:HON) Holdings Lifted by Hardy Reed LLC

Hardy Reed LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 165.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,950 shares of the conglomerate’s stock after acquiring an additional 6,200 shares during the period. Hardy Reed LLC’s holdings in Honeywell International were worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HON. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $230.40 on Wednesday. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a market cap of $149.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.72 and a beta of 1.03. The business’s 50 day moving average is $214.90 and its two-hundred day moving average is $209.46. 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 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 paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Barclays increased their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International 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.