Westside Investment Management Inc. Grows Position in Honeywell International Inc. (NASDAQ:HON)

Westside Investment Management Inc. lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the conglomerate’s stock after buying an additional 50 shares during the period. Westside Investment Management Inc.’s holdings in Honeywell International were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. grew its position in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp increased its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in Honeywell International in the second quarter valued at $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased 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. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Citigroup lifted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $248.77.

Honeywell International Trading Down 0.6 %

Shares of NASDAQ:HON opened at $227.69 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company’s 50 day moving average is $220.08 and its two-hundred day moving average is $211.36. The company has a market cap of $148.05 billion, a PE ratio of 26.29, a P/E/G ratio of 2.82 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s payout ratio is 52.19%.

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.