Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Adero Partners LLC

Adero Partners LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,269 shares of the conglomerate’s stock after purchasing an additional 111 shares during the quarter. Adero Partners LLC’s holdings in Honeywell International were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LGT Group Foundation purchased a new position in Honeywell International during the 1st quarter worth $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $29,000. Planning Capital Management Corp grew its position in Honeywell International by 96.4% during 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 during the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International during the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in Honeywell International during the 1st quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON opened at $228.99 on Monday. 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 stock has a market cap of $148.90 billion, a P/E ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03. The company has a 50-day moving average of $211.39 and a two-hundred day moving average of $207.94. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 49.88%.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.