Gold Investment Management Ltd. Increases Position in Honeywell International Inc. (NASDAQ:HON)

Gold Investment Management Ltd. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,026 shares of the conglomerate’s stock after purchasing an additional 597 shares during the quarter. Gold Investment Management Ltd.’s holdings in Honeywell International were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter worth approximately $39,000. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International in the 3rd quarter valued at $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.0 %

Shares of HON stock traded up $0.10 during trading hours on Friday, reaching $217.60. 1,061,055 shares of the company’s stock were exchanged, compared to its average volume of 3,008,193. The stock has a market cap of $141.49 billion, a PE ratio of 25.12, a PEG ratio of 2.47 and a beta of 1.03. 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 stock’s fifty day moving average price is $208.31 and its two-hundred day moving average price is $206.25. 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 disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 49.88%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Barclays reduced their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $223.73.

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.