ASB Consultores LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

ASB Consultores LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 36.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,902 shares of the conglomerate’s stock after buying an additional 508 shares during the quarter. ASB Consultores LLC’s holdings in Honeywell International were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter worth $29,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at $39,000. Finally, TruNorth Capital Management LLC bought a new position in Honeywell International in the 2nd quarter worth $43,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America reiterated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Trading Down 0.8 %

Shares of NASDAQ:HON opened at $207.54 on Tuesday. The firm has a market capitalization of $134.95 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The business’s 50 day moving average price is $208.03 and its 200-day moving average price is $206.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

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.