Honeywell International Inc. (NASDAQ:HON) Position Raised by Smithfield Trust Co

Smithfield Trust Co grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,908 shares of the conglomerate’s stock after purchasing an additional 148 shares during the quarter. Smithfield Trust Co’s holdings in Honeywell International were worth $2,257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the first quarter valued at $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.7 %

Shares of NASDAQ:HON opened at $226.67 on Thursday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. 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 company has a market cap of $147.39 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.71 and a beta of 1.03. The stock’s 50-day moving average is $212.94 and its 200-day moving average is $208.54.

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 given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.19%.

Analysts Set New Price Targets

Several analysts have issued reports on HON shares. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $241.45.

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.