Leelyn Smith LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Leelyn Smith LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,687 shares of the conglomerate’s stock after buying an additional 796 shares during the quarter. Leelyn Smith LLC’s holdings in Honeywell International were worth $4,276,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HON. Quent Capital LLC grew its holdings 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 worth $353,000 after purchasing an additional 77 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Honeywell International by 0.5% during 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 stake in shares of Honeywell International by 0.4% during the first quarter. Epoch Investment Partners Inc. now owns 162,478 shares of the conglomerate’s stock valued at $33,349,000 after acquiring an additional 618 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Honeywell International by 2.8% in the first 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 purchased a new position in Honeywell International during the 1st quarter valued at about $263,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Royal Bank of Canada lifted their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company boosted 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 report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Up 1.3 %

HON opened at $229.11 on Friday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month 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 firm has a 50 day moving average price of $213.86 and a 200-day moving average price of $208.90. The stock has a market capitalization of $148.98 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.71 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

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.