Olstein Capital Management L.P. Acquires Shares of 14,000 Honeywell International Inc. (NASDAQ:HON)

Olstein Capital Management L.P. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,000 shares of the conglomerate’s stock, valued at approximately $2,894,000.

A number of other large investors also recently modified their holdings of the company. Capital Wealth Planning LLC bought a new position in shares of Honeywell International in the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD grew its stake in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares during the period. International Assets Investment Management LLC increased its position in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Natixis raised its holdings in shares of Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays lowered their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Bank of America reissued a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Down 0.1 %

NASDAQ HON traded down $0.23 during trading on Thursday, hitting $216.17. 194,319 shares of the company’s stock traded hands, compared to its average volume of 2,993,112. The firm has a market cap of $140.56 billion, a P/E ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03. The stock has a fifty day moving average of $208.31 and a two-hundred day moving average of $206.25. 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 Inc. has a 12-month low of $183.20 and a 12-month high of $222.98.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.09%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is 49.88%.

Honeywell International Company 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.