Prospera Financial Services Inc Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Prospera Financial Services Inc lifted its position in Honeywell International Inc. (NASDAQ:HON) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,500 shares of the conglomerate’s stock after purchasing an additional 5,802 shares during the period. Prospera Financial Services Inc’s holdings in Honeywell International were worth $10,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LGT Group Foundation purchased a new position in Honeywell International during the first quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the 1st quarter valued at about $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.1 %

Shares of Honeywell International stock opened at $228.85 on Tuesday. The stock has a market cap of $148.81 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The firm has a fifty day moving average price of $211.94 and a 200 day moving average price of $208.19. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio is presently 49.88%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HON shares. JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $241.45.

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.