Honeywell International Inc. (NASDAQ:HON) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P raised its stake in Honeywell International Inc. (NASDAQ:HON) by 59.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,336 shares of the conglomerate’s stock after acquiring an additional 13,500 shares during the period. Martingale Asset Management L P’s holdings in Honeywell International were worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp boosted its stake in shares of 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 buying an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group reaffirmed a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

HON opened at $232.93 on Friday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The stock has a market cap of $151.46 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.73 and a beta of 1.03. The stock’s 50 day simple moving average is $216.57 and its 200 day simple moving average is $209.95. 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 firm also recently declared 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 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Honeywell International 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.