Schear Investment Advisers LLC Has $1.39 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Schear Investment Advisers LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,712 shares of the conglomerate’s stock after acquiring an additional 529 shares during the quarter. Schear Investment Advisers LLC’s holdings in Honeywell International were worth $1,387,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LGT Group Foundation acquired a new position in Honeywell International during the first quarter worth about $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp raised its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter worth about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. Barclays boosted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup reduced their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, UBS Group restated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of HON stock opened at $228.99 on Friday. The company has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $211.39 and a 200-day moving average of $207.85.

Honeywell International Increases Dividend

The business also recently disclosed 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 an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

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.