Harvest Fund Management Co. Ltd Has $6.18 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Harvest Fund Management Co. Ltd raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 51.9% in the third quarter, Holdings Channel reports. The fund owned 29,926 shares of the conglomerate’s stock after acquiring an additional 10,222 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Honeywell International were worth $6,184,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of Honeywell International by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 167,350 shares of the conglomerate’s stock valued at $34,593,000 after purchasing an additional 3,632 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Honeywell International by 7.8% during the third quarter. Daiwa Securities Group Inc. now owns 198,478 shares of the conglomerate’s stock worth $41,027,000 after acquiring an additional 14,280 shares in the last quarter. Marco Investment Management LLC raised its holdings in shares of Honeywell International by 3.6% during the third quarter. Marco Investment Management LLC now owns 45,253 shares of the conglomerate’s stock worth $9,354,000 after acquiring an additional 1,585 shares during the period. Summit Trail Advisors LLC lifted its position in Honeywell International by 12.5% in the 3rd quarter. Summit Trail Advisors LLC now owns 5,185 shares of the conglomerate’s stock valued at $1,072,000 after acquiring an additional 575 shares in the last quarter. Finally, SevenBridge Financial Group LLC boosted its stake in Honeywell International by 13.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 15,798 shares of the conglomerate’s stock worth $3,558,000 after purchasing an additional 1,843 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HON. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, 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 research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Up 1.3 %

Honeywell International stock opened at $229.11 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a 50-day simple moving average of $213.86 and a 200 day simple moving average of $209.06. The stock has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a PEG ratio of 2.69 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The firm 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 dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

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.