Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,320 shares of the conglomerate’s stock after acquiring an additional 2,900 shares during the quarter. Intact Investment Management Inc.’s holdings in Honeywell International were worth $8,335,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International in the 2nd quarter worth approximately $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $209.19 on Monday. The stock has a market capitalization of $136.03 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The business’s fifty day moving average price is $207.95 and its 200 day moving average price is $205.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 12-month low of $183.20 and a 12-month high of $222.98.

Honeywell International Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Barclays dropped their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Company 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.