Planning Alternatives Ltd. ADV Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Planning Alternatives Ltd. ADV raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395 shares of the conglomerate’s stock after buying an additional 70 shares during the quarter. Planning Alternatives Ltd. ADV’s holdings in Honeywell International were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HON. Concorde Asset Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth about $259,000. 49 Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth approximately $235,000. Charles Schwab Investment Management Inc. raised its position in Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after purchasing an additional 42,287 shares during the period. L & S Advisors Inc bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $353,000. Finally, Smithfield Trust Co boosted its holdings in shares of Honeywell International by 1.4% in the 3rd quarter. Smithfield Trust Co now owns 10,908 shares of the conglomerate’s stock worth $2,257,000 after purchasing an additional 148 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Bank of America lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Barclays raised their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating 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 company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

HON opened at $225.79 on Friday. The company has a market capitalization of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 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 Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The business’s fifty day simple moving average is $213.36 and its 200-day simple moving average is $208.66.

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. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 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.