Honeywell International Inc. (NASDAQ:HON) Shares Purchased by J. Stern & Co. LLP

J. Stern & Co. LLP lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% during the third quarter, HoldingsChannel reports. The firm owned 200,242 shares of the conglomerate’s stock after acquiring an additional 2,087 shares during the quarter. Honeywell International comprises 4.4% of J. Stern & Co. LLP’s holdings, making the stock its 10th largest holding. J. Stern & Co. LLP’s holdings in Honeywell International were worth $41,392,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of 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 buying an additional 310,807 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Honeywell International by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after purchasing an additional 42,287 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Honeywell International by 7.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock worth $661,000,000 after purchasing an additional 228,880 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% during the second 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 during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded up $0.77 during trading on Tuesday, reaching $231.37. The company’s stock had a trading volume of 99,139 shares, compared to its average volume of 3,118,098. The firm has a 50 day moving average price of $214.38 and a 200 day moving average price of $209.27. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market capitalization of $150.45 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.72 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.

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 given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.95%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Royal Bank of Canada upped their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Finally, UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $241.45.

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.