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

Stockman Wealth Management Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,537 shares of the conglomerate’s stock after purchasing an additional 3,270 shares during the quarter. Honeywell International comprises 1.5% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position. Stockman Wealth Management Inc.’s holdings in Honeywell International were worth $9,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tyler Stone Wealth Management boosted its holdings in Honeywell International by 188.7% in the 3rd quarter. Tyler Stone Wealth Management now owns 1,224 shares of the conglomerate’s stock valued at $253,000 after purchasing an additional 800 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Honeywell International by 28.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 5,274 shares of the conglomerate’s stock worth $1,090,000 after acquiring an additional 1,177 shares during the last quarter. Colonial River Investments LLC acquired a new position in shares of Honeywell International in the 3rd quarter worth approximately $313,000. Axxcess Wealth Management LLC lifted its holdings in shares of Honeywell International by 1.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 29,399 shares of the conglomerate’s stock worth $6,077,000 after acquiring an additional 533 shares during the last quarter. Finally, Alan B Lancz & Associates Inc. lifted its holdings in shares of Honeywell International by 5.0% in the 3rd quarter. Alan B Lancz & Associates Inc. now owns 8,361 shares of the conglomerate’s stock worth $1,728,000 after acquiring an additional 400 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9 %

Shares of NASDAQ:HON traded up $1.99 during trading hours on Friday, reaching $219.49. The stock had a trading volume of 5,694,771 shares, compared to its average volume of 4,861,205. The firm’s 50 day moving average is $208.74 and its 200-day moving average is $206.56. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $142.72 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03.

Honeywell International Increases Dividend

The business 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 a boost 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 2.06%. Honeywell International’s dividend payout ratio is presently 49.88%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays decreased 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 reaffirmed a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada cut 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 research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.