Howe & Rusling Inc. Has $19.15 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Howe & Rusling Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,631 shares of the conglomerate’s stock after purchasing an additional 2,139 shares during the quarter. Honeywell International accounts for about 1.6% of Howe & Rusling Inc.’s investment portfolio, making the stock its 15th largest holding. Howe & Rusling Inc.’s holdings in Honeywell International were worth $19,148,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at $392,478,000. Price T Rowe Associates Inc. MD grew its stake in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after purchasing an additional 575,865 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Royal Bank of Canada raised their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

Honeywell International stock opened at $228.20 on Wednesday. The stock’s 50 day moving average is $212.49 and its 200-day moving average is $208.41. The company has a market capitalization of $148.39 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 52.19%.

Honeywell International Company 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.