Schear Investment Advisers LLC Has $1.39 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Schear Investment Advisers LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,712 shares of the conglomerate’s stock after purchasing an additional 529 shares during the period. Schear Investment Advisers LLC’s holdings in Honeywell International were worth $1,387,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the 3rd quarter worth $29,000. Planning Capital Management Corp lifted its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HON shares. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Citigroup dropped their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday. Finally, Bank of America raised 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. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock opened at $228.99 on Friday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The firm has a market cap of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The stock has a fifty day moving average price of $211.39 and a 200-day moving average price of $207.85. 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 company also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) 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.