Cordatus Wealth Management LLC Buys 104 Shares of Honeywell International Inc. (NASDAQ:HON)

Cordatus Wealth Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,540 shares of the conglomerate’s stock after acquiring an additional 104 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Honeywell International were worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth about $26,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International in the 1st quarter valued at approximately $39,000. New Covenant Trust Company N.A. acquired a new position in Honeywell International during the 1st quarter worth approximately $42,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $43,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $0.23 during trading on Thursday, reaching $204.43. 977,751 shares of the company traded hands, compared to its average volume of 2,941,339. The firm has a market capitalization of $133.12 billion, a PE ratio of 23.66, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $179.18 and a 52 week high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $207.71 and its two-hundred day moving average is $205.64.

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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.21%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HON. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Barclays dropped their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.73.

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.