Metis Global Partners LLC Has $5.50 Million Position in Honeywell International Inc. (NASDAQ:HON)

Metis Global Partners LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,616 shares of the conglomerate’s stock after purchasing an additional 303 shares during the quarter. Metis Global Partners LLC’s holdings in Honeywell International were worth $5,502,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter valued at about $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at about $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth approximately $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.1 %

Shares of Honeywell International stock opened at $233.20 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52-week low of $188.78 and a 52-week high of $242.77. The company’s 50 day moving average price is $210.22 and its 200-day moving average price is $207.34. The stock has a market capitalization of $151.64 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company boosted their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $241.45.

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.