Axxcess Wealth Management LLC Acquires 533 Shares of Honeywell International Inc. (NASDAQ:HON)

Axxcess Wealth Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,399 shares of the conglomerate’s stock after acquiring an additional 533 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Honeywell International were worth $6,077,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HON. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $29,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Honeywell International during the 3rd quarter worth approximately $41,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays dropped their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Up 0.9 %

Shares of HON opened at $219.49 on Friday. The firm’s fifty day moving average is $208.74 and its two-hundred day moving average is $206.49. The stock has a market cap of $142.72 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. 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 52-week low of $183.20 and a 52-week high of $222.98.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

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.