MONECO Advisors LLC Has $1.04 Million Position in Honeywell International Inc. (NASDAQ:HON)

MONECO Advisors LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 23.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,027 shares of the conglomerate’s stock after buying an additional 958 shares during the period. MONECO Advisors LLC’s holdings in Honeywell International were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Wealth Planning LLC bought a new stake in Honeywell International during the second quarter valued at $392,478,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Honeywell International by 22.3% in the 1st 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 purchasing an additional 1,746,759 shares during the period. International Assets Investment Management LLC boosted its position in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Natixis grew its stake in Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $205.98 on Wednesday. The company has a market capitalization of $134.13 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $176.60 and a 52-week high of $222.98. The business has a 50-day simple moving average of $207.65 and a two-hundred day simple moving average of $205.65. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

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 issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Barclays decreased their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Finally, Bank of America restated a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.