Harbour Investments Inc. Acquires 553 Shares of Honeywell International Inc. (NASDAQ:HON)

Harbour Investments Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,018 shares of the conglomerate’s stock after buying an additional 553 shares during the quarter. Harbour Investments Inc.’s holdings in Honeywell International were worth $2,278,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on HON shares. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Bank of America reiterated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird cut 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. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $240.55.

Honeywell International Price Performance

HON stock opened at $233.07 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $151.55 billion, a P/E ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The business has a 50 day simple moving average of $209.67 and a 200-day simple moving average of $207.16. Honeywell International Inc. has a twelve month low of $188.65 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. 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 yield of 1.94%. Honeywell International’s payout ratio is currently 49.88%.

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.