Crestwood Advisors Group LLC Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Crestwood Advisors Group LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 359,519 shares of the conglomerate’s stock after buying an additional 10,552 shares during the quarter. Honeywell International comprises about 1.4% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 20th biggest position. Crestwood Advisors Group LLC owned 0.06% of Honeywell International worth $74,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the 1st quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter worth about $29,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded up $2.06 on Tuesday, hitting $209.60. 166,093 shares of the stock traded hands, compared to its average volume of 2,957,445. The company’s fifty day moving average is $208.03 and its 200 day moving average is $206.07. Honeywell International Inc. has a 1-year low of $183.20 and a 1-year high of $222.98. The company has a market capitalization of $136.29 billion, a PE ratio of 23.97, a PEG ratio of 2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is an increase 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 2.16%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $223.73.

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.