Ascent Group LLC Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Ascent Group LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 83.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,203 shares of the conglomerate’s stock after purchasing an additional 7,822 shares during the quarter. Ascent Group LLC’s holdings in Honeywell International were worth $3,556,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Capital Wealth Planning LLC purchased a new stake in Honeywell International in the second quarter worth about $392,478,000. International Assets Investment Management LLC lifted its stake in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after acquiring an additional 944,876 shares during the period. Mizuho Securities USA LLC lifted its stake in Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after acquiring an additional 575,865 shares during the period. Dimensional Fund Advisors LP lifted its stake in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Performance

HON opened at $232.93 on Monday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $151.46 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The firm’s 50-day moving average price is $216.57 and its 200-day moving average price is $210.03.

Honeywell International Increases Dividend

The company 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 $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

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.