Canopy Partners LLC Has $548,000 Position in Honeywell International Inc. (NASDAQ:HON)

Canopy Partners LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,653 shares of the conglomerate’s stock after buying an additional 180 shares during the period. Canopy Partners LLC’s holdings in Honeywell International were worth $548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HON. Cypress Wealth Services LLC raised its position in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares during the last quarter. Absher Wealth Management LLC lifted its stake in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the period. Bard Financial Services Inc. grew its position in shares of Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares during the period. ZRC Wealth Management LLC increased its stake in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC boosted its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Up 1.3 %

Shares of NASDAQ:HON opened at $229.11 on Friday. The stock has a market capitalization of $148.98 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. The company’s 50-day moving average price is $213.86 and its two-hundred day moving average price is $208.90. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 1.97%. 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 dividend payout ratio (DPR) is currently 52.19%.

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.