Asset Management One Co. Ltd. Purchases 8,687 Shares of Honeywell International Inc. (NASDAQ:HON)

Asset Management One Co. Ltd. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,469 shares of the conglomerate’s stock after acquiring an additional 8,687 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Honeywell International worth $71,619,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $29,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. bought a new position in Honeywell International in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Barclays reduced 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. Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Bank of America reiterated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Down 0.6 %

HON stock traded down $1.17 during trading on Monday, reaching $208.02. 138,658 shares of the company traded hands, compared to its average volume of 2,952,190. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market capitalization of $135.26 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The business has a 50 day simple moving average of $207.95 and a 200 day simple moving average of $205.96. Honeywell International Inc. has a 12 month low of $183.20 and a 12 month high of $222.98.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s payout ratio is 52.19%.

About Honeywell International

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.