Destination Wealth Management Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Destination Wealth Management lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 21.8% in the third quarter, Holdings Channel reports. The firm owned 1,234 shares of the conglomerate’s stock after buying an additional 221 shares during the period. Destination Wealth Management’s holdings in Honeywell International were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HON. RIA Advisory Group LLC purchased a new position in Honeywell International in the 3rd quarter valued at $6,124,000. EP Wealth Advisors LLC raised its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after buying an additional 12,755 shares in the last quarter. SteelPeak Wealth LLC boosted its position in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 5,750 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. UBS Group reaffirmed 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. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $248.77.

Honeywell International Trading Down 0.6 %

NASDAQ HON opened at $227.69 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The firm has a 50 day moving average of $220.58 and a two-hundred day moving average of $211.47. 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 stock has a market capitalization of $148.05 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 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.