Philip James Wealth Mangement LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Philip James Wealth Mangement LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,863 shares of the conglomerate’s stock, valued at approximately $799,000.

Other large investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares during the period. SteelPeak Wealth LLC lifted its holdings in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after purchasing an additional 8,687 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Honeywell International by 413.2% in the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after purchasing an additional 2,599 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Honeywell International during the 1st quarter valued at $1,398,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.73.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.10 during trading hours on Friday, reaching $217.60. The company’s stock had a trading volume of 1,055,391 shares, compared to its average volume of 3,008,167. The firm has a 50 day moving average price of $208.31 and a 200-day moving average price of $206.25. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $141.49 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.47 and a beta of 1.03. Honeywell International Inc. has a one year low of $183.20 and a one year high of $222.98.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s dividend payout ratio is 49.88%.

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.