First Horizon Advisors Inc. Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

First Horizon Advisors Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,066 shares of the conglomerate’s stock after buying an additional 1,923 shares during the quarter. First Horizon Advisors Inc.’s holdings in Honeywell International were worth $12,830,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HON. Capital Wealth Planning LLC purchased a new stake in shares of Honeywell International in the second quarter valued at about $392,478,000. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after buying an additional 575,865 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $228.20 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market cap of $148.39 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The stock’s 50-day moving average is $212.49 and its two-hundred day moving average is $208.41. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup reduced 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 raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.