Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,140 shares of the conglomerate’s stock after purchasing an additional 73 shares during the period. Honeywell International comprises 3.6% of Providence Wealth Advisors LLC’s holdings, making the stock its 4th largest position. Providence Wealth Advisors LLC’s holdings in Honeywell International were worth $4,922,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RIA Advisory Group LLC bought a new position in Honeywell International in the 3rd quarter valued at about $6,124,000. EP Wealth Advisors LLC increased its holdings in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after purchasing an additional 5,750 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after purchasing an additional 8,687 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the topic of several recent research reports. Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $229.64 on Friday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week 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 firm has a market capitalization of $149.32 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.74 and a beta of 1.03. The company’s 50 day moving average price is $215.98 and its two-hundred day moving average price is $209.74.

Honeywell International Increases Dividend

The firm also recently declared 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 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.