West Family Investments Inc. Purchases 186 Shares of Honeywell International Inc. (NASDAQ:HON)

West Family Investments Inc. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,246 shares of the conglomerate’s stock after acquiring an additional 186 shares during the quarter. West Family Investments Inc.’s holdings in Honeywell International were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HON shares. Royal Bank of Canada boosted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. 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, Honeywell International has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

NASDAQ:HON opened at $226.76 on Tuesday. The firm has a fifty day simple moving average of $211.94 and a 200 day simple moving average of $208.19. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The stock has a market capitalization of $147.45 billion, a PE ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

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 issued a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is currently 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.