MWA Asset Management Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

MWA Asset Management lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,436 shares of the conglomerate’s stock after buying an additional 70 shares during the period. MWA Asset Management’s holdings in Honeywell International were worth $710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in Honeywell International in the 3rd quarter valued at about $3,900,000. West Family Investments Inc. grew its stake in shares of Honeywell International by 9.0% in the 3rd quarter. West Family Investments Inc. now owns 2,246 shares of the conglomerate’s stock valued at $464,000 after purchasing an additional 186 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Honeywell International by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 1,571,846 shares of the conglomerate’s stock valued at $324,916,000 after purchasing an additional 11,914 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Honeywell International during the third quarter worth approximately $412,000. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Honeywell International by 43.9% during the third quarter. Banque Cantonale Vaudoise now owns 36,746 shares of the conglomerate’s stock worth $7,595,000 after purchasing an additional 11,203 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.3 %

Shares of Honeywell International stock opened at $228.20 on Wednesday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The business’s fifty day moving average is $212.49 and its two-hundred day moving average is $208.41. 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 firm has a market cap of $148.39 billion, a PE ratio of 26.35, a P/E/G ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $241.45.

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.