Honeywell International Inc. (NASDAQ:HON) Shares Purchased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 40.6% in the third quarter, HoldingsChannel.com reports. The fund owned 9,533 shares of the conglomerate’s stock after buying an additional 2,753 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Honeywell International were worth $1,971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new position in Honeywell International during the first quarter worth approximately $26,000. Financial Connections Group Inc. bought a new position in Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter worth about $39,000. TruNorth Capital Management LLC bought a new position in shares of Honeywell International in the 2nd quarter worth about $43,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of analyst reports. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Bank of America reissued a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Price Performance

NASDAQ HON opened at $204.20 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $132.97 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a 50 day moving average price of $207.71 and a two-hundred day moving average price of $205.64. Honeywell International Inc. has a 12-month low of $179.18 and a 12-month high of $222.98.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Honeywell International 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.