Carl P. Sherr & Co. LLC Has $1.31 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Carl P. Sherr & Co. LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 21.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,354 shares of the conglomerate’s stock after acquiring an additional 1,125 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Honeywell International were worth $1,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares during the period. Legal & General Group Plc lifted its position in Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Honeywell International by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock worth $782,232,000 after purchasing an additional 42,287 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Honeywell International by 7.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock worth $661,000,000 after purchasing an additional 228,880 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Honeywell International by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,061,639 shares of the conglomerate’s stock worth $632,871,000 after purchasing an additional 108,160 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HON. 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. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Barclays boosted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Nine research 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.com, Honeywell International has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

Honeywell International stock opened at $229.64 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. The company has a market capitalization of $149.32 billion, a PE ratio of 26.52, a P/E/G ratio of 2.74 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a 50-day moving average price of $215.98 and a two-hundred day moving average price of $209.74.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. 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.