2,074 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Brown Financial Advisors

Brown Financial Advisors acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,074 shares of the conglomerate’s stock, valued at approximately $429,000.

A number of other large investors have also modified their holdings of HON. GPS Wealth Strategies Group LLC increased its stake in Honeywell International by 14.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,924 shares of the conglomerate’s stock valued at $411,000 after buying an additional 249 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Honeywell International by 6.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 75,921 shares of the conglomerate’s stock valued at $16,212,000 after buying an additional 4,647 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in Honeywell International by 6.5% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 1,533 shares of the conglomerate’s stock valued at $327,000 after buying an additional 94 shares during the period. Corundum Group Inc. increased its stake in Honeywell International by 52.8% during the 2nd quarter. Corundum Group Inc. now owns 7,726 shares of the conglomerate’s stock valued at $1,650,000 after buying an additional 2,670 shares during the period. Finally, Red Door Wealth Management LLC increased its stake in Honeywell International by 8.1% during the 2nd quarter. Red Door Wealth Management LLC now owns 24,596 shares of the conglomerate’s stock valued at $5,252,000 after buying an additional 1,844 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $229.08 on Wednesday. The company has a 50-day moving average of $219.12 and a two-hundred day moving average of $211.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $148.96 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.82 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio is 52.19%.

Analysts Set New Price Targets

Several equities analysts have commented on HON shares. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays raised their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $244.36.

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.