Mengis Capital Management Inc. Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Mengis Capital Management Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,176 shares of the conglomerate’s stock after buying an additional 50 shares during the period. Mengis Capital Management Inc.’s holdings in Honeywell International were worth $2,517,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. EP Wealth Advisors LLC raised its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC raised its stake in Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Honeywell International by 24.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 5,750 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Honeywell International by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after acquiring an additional 8,687 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in shares of Honeywell International by 413.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 2,599 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Up 3.8 %

Honeywell International stock opened at $233.91 on Wednesday. Honeywell International Inc. has a fifty-two week low of $185.71 and a fifty-two week high of $242.77. The firm has a market capitalization of $152.10 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.68 and a beta of 1.03. The stock’s fifty day moving average is $209.67 and its two-hundred day moving average is $207.16. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 49.88%.

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.