Honeywell International Inc. (NASDAQ:HON) Stake Boosted by Element Wealth LLC

Element Wealth LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,521 shares of the conglomerate’s stock after purchasing an additional 119 shares during the period. Element Wealth LLC’s holdings in Honeywell International were worth $314,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 22.3% in the first 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. International Assets Investment Management LLC lifted its stake in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Natixis boosted its holdings in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company lowered their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday. Bank of America reissued a “neutral” rating and issued a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research note on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $223.55.

Honeywell International Stock Performance

Shares of HON opened at $209.10 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The company’s fifty day moving average is $206.99 and its 200-day moving average is $205.30. The firm has a market cap of $136.16 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. The company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio 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.