Element Wealth LLC Has $314,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Element Wealth LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,521 shares of the conglomerate’s stock after acquiring an additional 119 shares during the quarter. Element Wealth LLC’s holdings in Honeywell International were worth $314,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HON. Capital Wealth Planning LLC bought a new position in Honeywell International in the 2nd quarter worth approximately $392,478,000. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC increased its position in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the period. Natixis raised its stake in Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 5.1 %

Shares of Honeywell International stock opened at $209.10 on Friday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98. The stock has a market capitalization of $136.16 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a 50-day simple moving average of $206.99 and a 200 day simple moving average of $205.30. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.08. The company had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.38%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a research report on Thursday. Wells Fargo & Company cut their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $223.55.

About Honeywell International

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.