Benjamin Edwards Inc. Has $4.61 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Benjamin Edwards Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1,182.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,296 shares of the conglomerate’s stock after purchasing an additional 20,557 shares during the quarter. Benjamin Edwards Inc.’s holdings in Honeywell International were worth $4,609,000 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. Cypress Wealth Services LLC increased its stake in Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares in the last quarter. Absher Wealth Management LLC grew its holdings in shares of Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the period. ZRC Wealth Management LLC increased its position in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares in the last quarter. CFM Wealth Partners LLC raised its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares during the period. Finally, Jacobsen Capital Management lifted its holdings in Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 1.3 %

Shares of Honeywell International stock opened at $226.96 on Wednesday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. 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 business’s 50 day moving average is $217.53 and its 200-day moving average is $210.34. The stock has a market cap of $147.58 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 1.05.

Honeywell International Increases Dividend

The company 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 of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays raised their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Finally, Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.45.

About Honeywell International

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.