Intellectus Partners LLC Acquires 573 Shares of Honeywell International Inc. (NASDAQ:HON)

Intellectus Partners LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,776 shares of the conglomerate’s stock after purchasing an additional 573 shares during the period. Intellectus Partners LLC’s holdings in Honeywell International were worth $2,021,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Cypress Wealth Services LLC increased its position in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the last quarter. Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares in the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC grew its holdings in shares of Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 1.0 %

NASDAQ:HON opened at $230.67 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market cap of $149.99 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.78 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $188.78 and a fifty-two week high of $242.77. The firm has a 50-day simple moving average of $210.22 and a two-hundred day simple moving average of $207.34.

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. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HON shares. Morgan Stanley initiated 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. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $241.45.

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.