Qsemble Capital Management LP Purchases 5,337 Shares of Honeywell International Inc. (NASDAQ:HON)

Qsemble Capital Management LP raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 86.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,479 shares of the conglomerate’s stock after acquiring an additional 5,337 shares during the quarter. Qsemble Capital Management LP’s holdings in Honeywell International were worth $2,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Planning Capital Management Corp raised its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the 3rd quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $230.60 on Tuesday. 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 firm has a market capitalization of $149.95 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The stock’s 50-day simple moving average is $214.38 and its 200 day simple moving average is $209.27.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.19%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley assumed coverage on 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. Barclays upped their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $241.45.

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.