Crumly & Associates Inc. Buys 59 Shares of Honeywell International Inc. (NASDAQ:HON)

Crumly & Associates Inc. increased its position in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,556 shares of the conglomerate’s stock after acquiring an additional 59 shares during the period. Crumly & Associates Inc.’s holdings in Honeywell International were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new position in Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International during the first quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Honeywell International during the third quarter valued at approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ:HON opened at $219.49 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business’s 50-day simple moving average is $208.74 and its two-hundred day simple moving average is $206.49. The stock has a market cap of $142.72 billion, a PE ratio of 25.35, a P/E/G ratio of 2.47 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.06%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 52.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.