Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its stake in Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,210 shares of the conglomerate’s stock after acquiring an additional 2,168 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Honeywell International were worth $9,139,000 at the end of the most recent quarter.

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 purchased a new stake in Honeywell International in the 3rd quarter valued at about $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter worth about $39,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Honeywell International in the first quarter worth approximately $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $208.78 on Wednesday. The stock has a market capitalization of $135.76 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.49 and a beta of 1.03. Honeywell International Inc. has a one year low of $183.20 and a one year high of $222.98. The company’s 50-day simple moving average is $208.08 and its 200-day simple moving average is $206.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays cut their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Bank of America restated a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $223.73.

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.