Honeywell International Inc. (NASDAQ:HON) Shares Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management grew its position in Honeywell International Inc. (NASDAQ:HON) by 11.5% in the third quarter, HoldingsChannel reports. The fund owned 1,749 shares of the conglomerate’s stock after acquiring an additional 180 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Honeywell International were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HON. LGT Group Foundation purchased a new position in Honeywell International during the first quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter worth $39,000. Finally, New Covenant Trust Company N.A. acquired a new position in Honeywell International during the first quarter worth $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock traded down $0.34 on Thursday, reaching $216.06. The company had a trading volume of 207,984 shares, compared to its average volume of 2,993,295. The firm’s 50 day moving average price is $208.31 and its two-hundred day moving average price is $206.25. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a 52-week low of $183.20 and a 52-week high of $222.98. The firm has a market cap of $140.49 billion, a PE ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HON shares. Bank of America reiterated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.73.

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.