Goldstone Financial Group LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Goldstone Financial Group LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, Holdings Channel reports. The fund acquired 2,178 shares of the conglomerate’s stock, valued at approximately $450,000.

A number of other hedge funds have also recently bought and sold shares of HON. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth $392,478,000. Price T Rowe Associates Inc. MD raised its stake in shares of Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the period. International Assets Investment Management LLC raised its stake in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the period. Natixis raised its stake in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.9 %

Shares of HON opened at $204.20 on Thursday. Honeywell International Inc. has a twelve month low of $179.18 and a twelve month high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $132.97 billion, a PE ratio of 23.66, a P/E/G ratio of 2.45 and a beta of 1.03. The business’s 50-day moving average price is $207.71 and its 200-day moving average price is $205.64.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.21%. Honeywell International’s payout ratio is presently 52.38%.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Citigroup lowered their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays lowered their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Finally, Bank of America restated a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $223.73.

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.