ClearAlpha Technologies LP Takes $387,000 Position in Honeywell International Inc. (NASDAQ:HON)

ClearAlpha Technologies LP acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,872 shares of the conglomerate’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth approximately $29,000. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 2nd quarter valued at $38,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth $43,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.4 %

Shares of Honeywell International stock opened at $232.93 on Monday. The firm has a market cap of $151.46 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03. The stock has a 50-day simple moving average of $216.57 and a 200-day simple moving average of $210.03. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a positive change 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 dividend yield of 1.94%. Honeywell International’s dividend payout ratio is 52.19%.

Analysts Set New Price Targets

HON has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. UBS Group restated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.