Valley Wealth Managers Inc. Has $17.45 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Valley Wealth Managers Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,427 shares of the conglomerate’s stock after buying an additional 2,220 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Honeywell International were worth $17,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Empowered Funds LLC grew its position in Honeywell International by 23.1% in the third quarter. Empowered Funds LLC now owns 52,821 shares of the conglomerate’s stock valued at $10,919,000 after purchasing an additional 9,909 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Honeywell International by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 23,059 shares of the conglomerate’s stock valued at $4,767,000 after acquiring an additional 433 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Honeywell International by 1.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 3,422 shares of the conglomerate’s stock worth $707,000 after acquiring an additional 51 shares in the last quarter. CIBC Asset Management Inc boosted its position in Honeywell International by 4.3% during the third quarter. CIBC Asset Management Inc now owns 257,653 shares of the conglomerate’s stock valued at $53,250,000 after purchasing an additional 10,638 shares during the last quarter. Finally, Intellectus Partners LLC grew its stake in Honeywell International by 6.2% in the third quarter. Intellectus Partners LLC now owns 9,776 shares of the conglomerate’s stock valued at $2,021,000 after purchasing an additional 573 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON stock traded down $0.18 during trading hours on Friday, hitting $230.49. 261,520 shares of the stock were exchanged, compared to its average volume of 3,087,516. The company has a 50-day simple moving average of $210.77 and a two-hundred day simple moving average of $207.50. The firm has a market capitalization of $149.88 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.96%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 49.88%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of analyst reports. Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $241.45.

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.