Howe & Rusling Inc. Has $19.15 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Howe & Rusling Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,631 shares of the conglomerate’s stock after buying an additional 2,139 shares during the quarter. Honeywell International accounts for approximately 1.6% of Howe & Rusling Inc.’s holdings, making the stock its 15th largest holding. Howe & Rusling Inc.’s holdings in Honeywell International were worth $19,148,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HON. Cypress Wealth Services LLC grew its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Absher Wealth Management LLC boosted its holdings in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 49 shares in the last quarter. Bard Financial Services Inc. raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares during the period. Finally, CFM Wealth Partners LLC raised its holdings in Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HON shares. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

Shares of HON stock opened at $228.20 on Wednesday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a market capitalization of $148.39 billion, a PE ratio of 26.35, a PEG ratio of 2.72 and a beta of 1.03. 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 stock’s fifty day moving average is $212.49 and its 200-day moving average is $208.41.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. 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. Honeywell International’s dividend payout ratio (DPR) is presently 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.