Harvest Fund Management Co. Ltd Buys 10,222 Shares of Honeywell International Inc. (NASDAQ:HON)

Harvest Fund Management Co. Ltd raised its stake in Honeywell International Inc. (NASDAQ:HON) by 51.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,926 shares of the conglomerate’s stock after acquiring an additional 10,222 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Honeywell International were worth $6,184,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC bought a new position in Honeywell International during the 3rd quarter valued at about $29,000. Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $39,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Honeywell International during the 3rd quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HON. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. 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. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Finally, Bank of America boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Up 1.3 %

NASDAQ:HON opened at $229.11 on Monday. The stock’s fifty day simple moving average is $213.86 and its 200-day simple moving average is $209.06. The firm has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.69 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 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.