Blankinship & Foster LLC Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Blankinship & Foster LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,757 shares of the conglomerate’s stock, valued at approximately $3,464,000. Honeywell International comprises approximately 0.6% of Blankinship & Foster LLC’s holdings, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC grew its position in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares during the period. Ameriprise Financial Inc. increased its stake in Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup increased their price target on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday. Barclays boosted their price objective on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Ten 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 company has a consensus rating of “Hold” and an average price target of $248.17.

Honeywell International Stock Up 0.3 %

HON stock traded up $0.59 during midday trading on Thursday, hitting $229.65. 231,813 shares of the company’s stock were exchanged, compared to its average volume of 3,132,860. The stock has a market capitalization of $149.33 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. 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 50 day moving average price of $220.08 and a 200-day moving average price of $211.36. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

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

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.