Honeywell International Inc. (NASDAQ:HON) Shares Purchased by GSB Wealth Management LLC

GSB Wealth Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 45.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,803 shares of the conglomerate’s stock after buying an additional 3,063 shares during the period. GSB Wealth Management LLC’s holdings in Honeywell International were worth $2,026,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mutual Advisors LLC increased its holdings in shares of Honeywell International by 10.8% during the third quarter. Mutual Advisors LLC now owns 7,679 shares of the conglomerate’s stock valued at $1,606,000 after purchasing an additional 747 shares during the period. WD Rutherford LLC increased its holdings in shares of Honeywell International by 5.9% during the third quarter. WD Rutherford LLC now owns 17,645 shares of the conglomerate’s stock valued at $3,647,000 after purchasing an additional 990 shares during the period. Avitas Wealth Management LLC increased its holdings in shares of Honeywell International by 1.4% during the third quarter. Avitas Wealth Management LLC now owns 21,997 shares of the conglomerate’s stock valued at $4,547,000 after purchasing an additional 294 shares during the period. Saybrook Capital NC increased its holdings in shares of Honeywell International by 0.3% during the third quarter. Saybrook Capital NC now owns 42,890 shares of the conglomerate’s stock valued at $8,866,000 after purchasing an additional 136 shares during the period. Finally, Jacobsen Capital Management increased its holdings in shares of Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Wells Fargo & Company raised their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada decreased their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Down 0.8 %

NASDAQ:HON opened at $204.36 on Wednesday. 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 1-year low of $179.18 and a 1-year high of $222.98. The firm has a market capitalization of $133.08 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock has a fifty day simple moving average of $207.65 and a 200 day simple moving average of $205.65.

Honeywell International Increases Dividend

The business 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 is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

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.