Meridian Wealth Management LLC Takes $1.24 Million Position in Honeywell International Inc. (NASDAQ:HON)

Meridian Wealth Management LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,974 shares of the conglomerate’s stock, valued at approximately $1,235,000.

Other institutional investors also recently bought and sold shares of the company. Cypress Wealth Services LLC boosted its stake in Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the last quarter. Absher Wealth Management LLC increased its stake in shares of Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares during the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the period. ZRC Wealth Management LLC boosted its position in shares of Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after acquiring an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC grew its holdings in Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $229.11 on Friday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week 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 market cap of $148.98 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.69 and a beta of 1.03. The business’s 50 day moving average is $213.86 and its two-hundred day moving average is $208.98.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is an increase 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 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.