FSM Wealth Advisors LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

FSM Wealth Advisors LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,812 shares of the conglomerate’s stock after acquiring an additional 118 shares during the period. FSM Wealth Advisors LLC’s holdings in Honeywell International were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC increased its stake in shares of Honeywell International by 413.2% during the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock valued at $667,000 after buying an additional 2,599 shares during the period. Hazlett Burt & Watson Inc. increased its position in Honeywell International by 80.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,256 shares of the conglomerate’s stock valued at $881,000 after purchasing an additional 1,898 shares during the period. Quintet Private Bank Europe S.A. raised its holdings in Honeywell International by 8.2% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 10,860 shares of the conglomerate’s stock worth $2,245,000 after purchasing an additional 827 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Honeywell International by 0.5% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 18,175 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 99 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after buying an additional 8,687 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.8 %

Honeywell International stock opened at $207.54 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm’s 50 day moving average price is $208.03 and its 200-day moving average price is $206.07. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The stock has a market cap of $134.95 billion, a P/E ratio of 23.97, a PEG ratio of 2.44 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. Investors 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 2.18%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Royal Bank of Canada decreased their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Bank of America restated a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $223.73.

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.