Advisors Management Group Inc. ADV Purchases 2,316 Shares of Honeywell International Inc. (NASDAQ:HON)

Advisors Management Group Inc. ADV grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,317 shares of the conglomerate’s stock after acquiring an additional 2,316 shares during the period. Honeywell International comprises 1.2% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 28th largest position. Advisors Management Group Inc. ADV’s holdings in Honeywell International were worth $5,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HON. Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth $472,000. JNBA Financial Advisors boosted its position in shares of Honeywell International by 4.9% during the third quarter. JNBA Financial Advisors now owns 2,071 shares of the conglomerate’s stock worth $428,000 after acquiring an additional 97 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Honeywell International by 14.9% during the third quarter. Concurrent Investment Advisors LLC now owns 20,144 shares of the conglomerate’s stock valued at $4,164,000 after acquiring an additional 2,605 shares in the last quarter. Centennial Wealth Advisory LLC increased its holdings in Honeywell International by 6.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 1,133 shares of the conglomerate’s stock valued at $234,000 after acquiring an additional 65 shares during the last quarter. Finally, Maia Wealth LLC lifted its stake in Honeywell International by 6.2% in the 3rd quarter. Maia Wealth LLC now owns 1,132 shares of the conglomerate’s stock worth $237,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 3.6 %

Shares of HON stock opened at $216.40 on Thursday. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The stock’s 50-day simple moving average is $208.31 and its 200-day simple moving average is $206.25. 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 firm has a market capitalization of $140.71 billion, a PE ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.09%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HON shares. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Bank of America reissued a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Finally, Barclays reduced their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Company 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.