Covington Investment Advisors Inc. Has $5.66 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Covington Investment Advisors Inc. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.2% in the third quarter, HoldingsChannel reports. The firm owned 27,399 shares of the conglomerate’s stock after purchasing an additional 60 shares during the period. Covington Investment Advisors Inc.’s holdings in Honeywell International were worth $5,664,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HON. Cypress Wealth Services LLC boosted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after acquiring an additional 47 shares in the last quarter. Absher Wealth Management LLC raised its position in Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the last quarter. Bard Financial Services Inc. boosted its stake in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in shares of Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC increased its stake in shares of Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Robert W. Baird downgraded shares of 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, October 25th. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Up 0.7 %

NASDAQ:HON opened at $230.60 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a market capitalization of $149.95 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.72 and a beta of 1.03. The stock’s fifty day simple moving average is $214.38 and its 200-day simple moving average is $209.27.

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 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) 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.