GSB Wealth Management LLC Has $2.03 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

GSB Wealth Management LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 45.4% in the third quarter, HoldingsChannel reports. The fund owned 9,803 shares of the conglomerate’s stock after buying an additional 3,063 shares during the quarter. GSB Wealth Management LLC’s holdings in Honeywell International were worth $2,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HON. Capital Wealth Planning LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $392,478,000. Price T Rowe Associates Inc. MD raised its stake in shares of Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Natixis raised its stake in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. 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 price objective on the stock. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Barclays dropped their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Trading Down 0.8 %

Shares of HON stock opened at $204.36 on Wednesday. The firm has a fifty day moving average of $207.65 and a 200-day moving average of $205.65. The stock has a market cap of $133.08 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $179.18 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.