Summit Asset Management LLC Acquires 1,260 Shares of Honeywell International Inc. (NASDAQ:HON)

Summit Asset Management LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 28.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,730 shares of the conglomerate’s stock after purchasing an additional 1,260 shares during the quarter. Summit Asset Management LLC’s holdings in Honeywell International were worth $1,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth approximately $29,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International in the 3rd quarter valued at approximately $41,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HON shares. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Citigroup dropped their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $240.55.

Honeywell International Trading Down 0.4 %

HON opened at $233.07 on Thursday. Honeywell International Inc. has a 12 month low of $188.65 and a 12 month high of $242.77. The stock has a fifty day moving average price of $209.67 and a 200-day moving average price of $207.16. The firm has a market cap of $151.55 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. 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 declared 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. This represents a $4.52 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) 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.