Adero Partners LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Adero Partners LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269 shares of the conglomerate’s stock after buying an additional 111 shares during the period. Adero Partners LLC’s holdings in Honeywell International were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $228.99 on Monday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The firm’s fifty day simple moving average is $211.39 and its 200-day simple moving average is $207.94. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03. 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid 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 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HON. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada raised their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. 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 research report on Thursday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $241.45.

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.