BNP Paribas Takes $3.89 Million Position in Honeywell International Inc. (NASDAQ:HON)

BNP Paribas acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,800 shares of the conglomerate’s stock, valued at approximately $3,886,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Wealth Planning LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $392,478,000. International Assets Investment Management LLC increased its holdings in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after buying an additional 575,865 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after buying an additional 325,272 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Morgan Stanley began 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 target on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Down 0.1 %

Shares of NASDAQ HON opened at $230.40 on Wednesday. The stock has a 50-day moving average price of $214.90 and a two-hundred day moving average price of $209.46. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market cap of $149.82 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently disclosed 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 1.96%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio 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.