Avitas Wealth Management LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Avitas Wealth Management LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,997 shares of the conglomerate’s stock after buying an additional 294 shares during the quarter. Avitas Wealth Management LLC’s holdings in Honeywell International were worth $4,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Ameriprise Financial Inc. increased its stake in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares during the period. Capital Research Global Investors lifted its stake in shares of Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after purchasing an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several research reports. Citigroup cut their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada cut their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Down 0.1 %

Shares of HON opened at $205.98 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $176.60 and a one year high of $222.98. The stock has a 50-day moving average price of $207.65 and a 200 day moving average price of $205.65. The company has a market capitalization of $134.13 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.