Ontario Teachers Pension Plan Board Has $661 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Ontario Teachers Pension Plan Board grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,197,717 shares of the conglomerate’s stock after acquiring an additional 228,880 shares during the period. Honeywell International comprises about 5.6% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 5th largest holding. Ontario Teachers Pension Plan Board owned about 0.49% of Honeywell International worth $661,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the first quarter worth $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp increased its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in Honeywell International in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays increased their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Down 0.3 %

Shares of HON stock opened at $228.20 on Wednesday. The stock has a 50 day simple moving average of $212.49 and a 200-day simple moving average of $208.41. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market cap of $148.39 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.72 and a beta of 1.03. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. 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 presently 52.19%.

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.