49 Wealth Management LLC Makes New $235,000 Investment in Honeywell International Inc. (NASDAQ:HON)

49 Wealth Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,139 shares of the conglomerate’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Quent Capital LLC raised its stake in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after acquiring an additional 77 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Honeywell International by 0.5% in the first quarter. Advisors Asset Management Inc. now owns 15,535 shares of the conglomerate’s stock valued at $3,189,000 after acquiring an additional 78 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Honeywell International by 0.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 162,478 shares of the conglomerate’s stock worth $33,349,000 after purchasing an additional 618 shares during the last quarter. Kestra Advisory Services LLC raised its position in Honeywell International by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 90,424 shares of the conglomerate’s stock worth $18,560,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in Honeywell International in the 1st quarter worth approximately $263,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.3 %

HON opened at $229.11 on Friday. The stock has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.71 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm’s fifty day simple moving average is $213.86 and its 200 day simple moving average is $208.90. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. 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 yield of 1.97%. Honeywell International’s payout ratio is 52.19%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays boosted their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group restated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Citigroup lowered their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $241.45.

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.