Valley Wealth Managers Inc. Acquires 2,220 Shares of Honeywell International Inc. (NASDAQ:HON)

Valley Wealth Managers Inc. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 84,427 shares of the conglomerate’s stock after acquiring an additional 2,220 shares during the period. Valley Wealth Managers Inc.’s holdings in Honeywell International were worth $17,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the last quarter. Natixis grew its position in Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after acquiring an additional 544,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.1 %

Shares of HON traded down $0.18 during trading hours on Friday, reaching $230.49. The stock had a trading volume of 261,520 shares, compared to its average volume of 3,087,516. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a 50-day simple moving average of $210.77 and a 200 day simple moving average of $207.50. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $149.88 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank of Canada lifted their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday. Wells Fargo & Company raised their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price 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.