Honeywell International Inc. (NASDAQ:HON) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its stake in Honeywell International Inc. (NASDAQ:HON) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,632,712 shares of the conglomerate’s stock after purchasing an additional 85,714 shares during the quarter. Bank of Montreal Can owned about 0.25% of Honeywell International worth $339,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Wealth Planning LLC purchased a new position in Honeywell International in the 2nd quarter worth approximately $392,478,000. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 944,876 shares during the period. Mizuho Securities USA LLC grew its holdings in Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 325,272 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Trading Up 0.8 %

Shares of Honeywell International stock traded up $1.86 on Monday, reaching $230.97. 317,253 shares of the company were exchanged, compared to its average volume of 3,115,935. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market capitalization of $150.19 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The stock has a fifty day moving average price of $213.86 and a 200-day moving average price of $209.06.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Honeywell International 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.