Bouvel Investment Partners LLC Increases Position in Honeywell International Inc. (NASDAQ:HON)

Bouvel Investment Partners LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,217 shares of the conglomerate’s stock after purchasing an additional 84 shares during the quarter. Honeywell International comprises 1.4% of Bouvel Investment Partners LLC’s investment portfolio, making the stock its 26th largest position. Bouvel Investment Partners LLC’s holdings in Honeywell International were worth $3,766,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HON. LGT Group Foundation purchased a new position in Honeywell International in the first quarter worth $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $29,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the first quarter valued at about $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in Honeywell International in the second quarter worth about $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup lowered their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Barclays lifted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $240.55.

Honeywell International Stock Performance

Shares of HON stock opened at $233.07 on Thursday. Honeywell International Inc. has a 52-week low of $188.65 and a 52-week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market cap of $151.55 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. The business has a 50-day simple moving average of $209.67 and a 200-day simple moving average of $207.16.

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 $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 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.