Honeywell International Inc. (NASDAQ:HON) Shares Purchased by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 15.2% in the third quarter, Holdings Channel reports. The firm owned 31,056 shares of the conglomerate’s stock after buying an additional 4,103 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Honeywell International were worth $6,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cypress Wealth Services LLC increased its position in Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares in the last quarter. Absher Wealth Management LLC raised its stake in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares during the period. Bard Financial Services Inc. grew its position in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares during the period. ZRC Wealth Management LLC raised its holdings in shares of Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the period. Finally, CFM Wealth Partners LLC grew its holdings in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.1 %

Shares of Honeywell International stock traded up $0.22 on Wednesday, hitting $234.13. 1,355,513 shares of the company traded hands, compared to its average volume of 3,077,974. Honeywell International Inc. has a 52 week low of $188.65 and a 52 week high of $242.77. The company has a market cap of $152.24 billion, a PE ratio of 27.14, a PEG ratio of 2.68 and a beta of 1.03. The stock’s 50 day moving average price is $209.67 and its 200-day moving average price is $207.16. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The company also recently declared 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HON shares. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Citigroup decreased their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. 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 report on Thursday, October 24th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $227.36.

Honeywell International 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.