Montchanin Asset Management LLC Buys 800 Shares of Honeywell International Inc. (NASDAQ:HON)

Montchanin Asset Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 12,540 shares of the conglomerate’s stock after acquiring an additional 800 shares during the period. Honeywell International makes up approximately 2.4% of Montchanin Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Montchanin Asset Management LLC’s holdings in Honeywell International were worth $2,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Kimelman & Baird LLC lifted its stake in Honeywell International by 0.7% during the third quarter. Kimelman & Baird LLC now owns 129,742 shares of the conglomerate’s stock worth $26,819,000 after purchasing an additional 843 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Honeywell International during the 3rd quarter worth $2,311,000. Zacks Investment Management lifted its position in shares of Honeywell International by 14.2% during the 3rd quarter. Zacks Investment Management now owns 144,262 shares of the conglomerate’s stock worth $29,820,000 after buying an additional 17,972 shares during the last quarter. National Bank of Canada FI grew its position in Honeywell International by 60.4% in the third quarter. National Bank of Canada FI now owns 749,211 shares of the conglomerate’s stock valued at $154,869,000 after acquiring an additional 282,090 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in Honeywell International by 7.4% in the third quarter. EP Wealth Advisors LLC now owns 362,413 shares of the conglomerate’s stock valued at $74,914,000 after acquiring an additional 25,033 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $226.38 on Friday. The stock has a market capitalization of $147.20 billion, a PE ratio of 26.14, a PEG ratio of 2.86 and a beta of 1.05. The business’s 50 day simple moving average is $218.75 and its 200 day simple moving average is $210.79. 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 Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was 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 2.00%. Honeywell International’s dividend payout ratio is 52.19%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Citigroup cut their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays boosted their price objective on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $242.18.

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.