HighTower Advisors LLC Buys 33,260 Shares of Honeywell International Inc. (NASDAQ:HON)

HighTower Advisors LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 7.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 470,026 shares of the conglomerate’s stock after purchasing an additional 33,260 shares during the period. HighTower Advisors LLC’s holdings in Honeywell International were worth $97,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at $38,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Honeywell International during the third quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 1.3 %

NASDAQ:HON opened at $226.96 on Wednesday. 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 12-month low of $189.66 and a 12-month high of $242.77. The firm has a market cap of $147.58 billion, a P/E ratio of 26.21, a PEG ratio of 2.73 and a beta of 1.05. The stock’s 50 day simple moving average is $217.53 and its 200-day simple moving average is $210.34.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. 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 presently 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.