Summit Trail Advisors LLC Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Summit Trail Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 12.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,185 shares of the conglomerate’s stock after purchasing an additional 575 shares during the period. Summit Trail Advisors LLC’s holdings in Honeywell International were worth $1,072,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp lifted its holdings 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 buying an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter worth $39,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Honeywell International during the second quarter worth $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $230.60 on Tuesday. The business’s 50-day moving average price is $214.38 and its 200 day moving average price is $209.27. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $149.95 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.19%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HON shares. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. UBS Group restated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Barclays boosted their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $241.45.

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.