GM Advisory Group LLC Has $1.18 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

GM Advisory Group LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,712 shares of the conglomerate’s stock after purchasing an additional 98 shares during the period. GM Advisory Group LLC’s holdings in Honeywell International were worth $1,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp boosted its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International in 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 worth $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the third quarter worth $41,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Wells Fargo & Company lifted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $225.79 on Friday. 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 company has a market capitalization of $146.82 billion, a PE ratio of 26.07, a P/E/G ratio of 2.71 and a beta of 1.03. The firm has a fifty day simple moving average of $213.36 and a 200 day simple moving average of $208.66. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

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.