Hamel Associates Inc. Has $5.47 Million Position in Honeywell International Inc. (NASDAQ:HON)

Hamel Associates Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,438 shares of the conglomerate’s stock after purchasing an additional 1,890 shares during the quarter. Honeywell International comprises approximately 1.7% of Hamel Associates Inc.’s portfolio, making the stock its 27th biggest holding. Hamel Associates Inc.’s holdings in Honeywell International were worth $5,465,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 2nd quarter worth $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter worth $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the 3rd quarter worth $41,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America restated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Up 3.8 %

Shares of HON stock opened at $233.91 on Wednesday. The company’s fifty day simple moving average is $209.67 and its two-hundred day simple moving average is $207.16. 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 $185.71 and a 1 year high of $242.77. The stock has a market capitalization of $152.10 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.68 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change 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 1.93%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is 49.88%.

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.