Studio Investment Management LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Studio Investment Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,172 shares of the conglomerate’s stock after purchasing an additional 1,239 shares during the period. Studio Investment Management LLC’s holdings in Honeywell International were worth $4,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RIA Advisory Group LLC purchased a new stake in Honeywell International in the 3rd quarter worth about $6,124,000. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares during the period. Los Angeles Capital Management LLC lifted its stake 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 during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Honeywell International by 2.6% during 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 period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4 %

HON opened at $225.79 on Friday. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a fifty day moving average price of $213.36 and a 200-day moving average price of $208.66. The firm has a market cap of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 2.00%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays upped their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Citigroup dropped their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $241.45.

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.