Geode Capital Management LLC Purchases 547,998 Shares of Honeywell International Inc. (NASDAQ:HON)

Geode Capital Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,360,730 shares of the conglomerate’s stock after acquiring an additional 547,998 shares during the period. Geode Capital Management LLC’s holdings in Honeywell International were worth $2,959,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HON. Absher Wealth Management LLC increased its stake in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares in the last quarter. ZRC Wealth Management LLC lifted 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 worth $99,000 after purchasing an additional 50 shares during the period. CFM Wealth Partners LLC lifted its position in Honeywell International by 4.0% during the third 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 in the last quarter. Jacobsen Capital Management lifted its holdings in Honeywell International by 5.2% during the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its position in shares of Honeywell International by 0.4% in the third quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of HON opened at $225.09 on Tuesday. The stock’s 50 day moving average is $219.12 and its two-hundred day moving average is $211.03. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The firm has a market capitalization of $146.36 billion, a PE ratio of 25.99, a P/E/G ratio of 2.82 and a beta of 1.05. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HON shares. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $244.36.

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.