Intech Investment Management LLC Buys 1,544 Shares of Honeywell International Inc. (NASDAQ:HON)

Intech Investment Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,170 shares of the conglomerate’s stock after acquiring an additional 1,544 shares during the period. Intech Investment Management LLC’s holdings in Honeywell International were worth $7,890,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new position in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp grew its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International during the first quarter worth about $39,000. Finally, TruNorth Capital Management LLC bought a new position in Honeywell International during the second quarter worth about $43,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.4 %

NASDAQ HON opened at $225.79 on Friday. 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 Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a 50 day moving average of $213.36 and a 200-day moving average of $208.66. The company has a market cap of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given 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 of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays boosted their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International 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.