Leelyn Smith LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Leelyn Smith LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,687 shares of the conglomerate’s stock after buying an additional 796 shares during the period. Leelyn Smith LLC’s holdings in Honeywell International were worth $4,276,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth about $29,000. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Honeywell International in the second quarter worth $43,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Morgan Stanley assumed 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 for the company. Barclays raised their price target on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

NASDAQ HON opened at $229.11 on Friday. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm’s fifty day simple moving average is $213.86 and its two-hundred day simple moving average is $208.90. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.71 and a beta of 1.03.

Honeywell International Increases Dividend

The business 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 represents a $4.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 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.