Janus Henderson Group PLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Janus Henderson Group PLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.2% during the third quarter, HoldingsChannel reports. The firm owned 3,978,872 shares of the conglomerate’s stock after purchasing an additional 265,789 shares during the quarter. Janus Henderson Group PLC’s holdings in Honeywell International were worth $822,458,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HON. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp raised its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter worth about $38,000. Finally, Western Pacific Wealth Management LP acquired a new position in Honeywell International during the third quarter worth $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $229.95 on Tuesday. The stock has a market capitalization of $149.52 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.77 and a beta of 1.05. The business’s fifty day moving average price is $216.57 and its 200-day moving average price is $210.03. 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 Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HON shares. Royal Bank of Canada increased their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine research 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 has a consensus rating of “Hold” and a consensus target price 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.