Mesirow Financial Investment Management Inc. Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Mesirow Financial Investment Management Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 109.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,540 shares of the conglomerate’s stock after buying an additional 23,258 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Honeywell International were worth $9,207,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the 3rd quarter valued at $29,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $219.49 on Friday. The firm has a market cap of $142.72 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. 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 Inc. has a twelve month low of $183.20 and a twelve month high of $222.98. The firm’s 50-day simple moving average is $208.74 and its 200-day simple moving average is $206.49.

Honeywell International Increases Dividend

The business also recently announced 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. This represents a $4.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays reduced their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Ten 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.com, the stock has an average rating of “Hold” and a consensus price target of $223.73.

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.