Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,537 shares of the conglomerate’s stock after purchasing an additional 3,270 shares during the period. Honeywell International accounts for 1.5% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding. Stockman Wealth Management Inc.’s holdings in Honeywell International were worth $9,413,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth $29,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on HON shares. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays reduced their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup reduced their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada cut their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a 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’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $1.99 on Friday, reaching $219.49. 5,694,771 shares of the company’s stock were exchanged, compared to its average volume of 4,861,205. The firm has a market capitalization of $142.72 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.57 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The business’s 50-day moving average is $208.74 and its two-hundred day moving average is $206.56. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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 dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.06%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

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.