Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,399 shares of the conglomerate’s stock after purchasing an additional 60 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Honeywell International were worth $5,664,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Planning Capital Management Corp lifted its stake in 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 buying an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter valued at $39,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Honeywell International during the second quarter worth about $43,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HON. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Barclays increased their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine investment 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

NASDAQ:HON opened at $230.60 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business’s 50-day moving average price is $214.38 and its 200 day moving average price is $209.27. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The firm has a market cap of $149.95 billion, a P/E ratio of 26.63, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The firm 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 an increase 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 of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

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.