Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,458 shares of the conglomerate’s stock after acquiring an additional 6,241 shares during the period. Great Valley Advisor Group Inc.’s holdings in Honeywell International were worth $14,771,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in Honeywell International during the third quarter valued at about $29,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in Honeywell International during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Barclays increased their price objective on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

HON opened at $229.11 on Friday. 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. The company has a market capitalization of $148.98 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. The business has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $208.90.

Honeywell International Increases Dividend

The firm 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 dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

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.