Farther Finance Advisors LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Farther Finance Advisors LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,025 shares of the conglomerate’s stock after purchasing an additional 1,279 shares during the quarter. Farther Finance Advisors LLC’s holdings in Honeywell International were worth $1,659,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Honeywell International by 22.3% during 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 last quarter. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after purchasing an additional 310,807 shares in the last quarter. Legal & General Group Plc boosted its holdings in Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares in the last quarter. Capital Research Global Investors increased its stake in Honeywell International by 6.7% in the first 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Honeywell International by 12.4% during the second 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 in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $209.19 on Monday. The stock has a fifty day moving average price of $207.95 and a 200 day moving average price of $205.96. Honeywell International Inc. has a 1-year low of $183.20 and a 1-year high of $222.98. 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 company has a market cap of $136.03 billion, a PE ratio of 24.16, a P/E/G ratio of 2.44 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America restated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Wells Fargo & Company upped their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.