JFS Wealth Advisors LLC Increases Position in Honeywell International Inc. (NASDAQ:HON)

JFS Wealth Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 40.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,533 shares of the conglomerate’s stock after buying an additional 2,753 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Honeywell International were worth $1,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. Ameriprise Financial Inc. grew its stake in Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the period. Capital Research Global Investors grew its stake in shares of Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ:HON opened at $204.20 on Thursday. The company has a market cap of $132.97 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.45 and a beta of 1.03. The firm’s 50-day simple moving average is $207.71 and its 200-day simple moving average is $205.64. 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 fifty-two week low of $179.18 and a fifty-two week high of $222.98.

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 issued a $1.13 dividend. 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. This represents a $4.52 annualized dividend and a dividend yield of 2.21%. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HON shares. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Barclays reduced their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Bank of America restated a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $223.73.

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.