IHT Wealth Management LLC Buys 5,187 Shares of Honeywell International Inc. (NASDAQ:HON)

IHT Wealth Management LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 41.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,582 shares of the conglomerate’s stock after acquiring an additional 5,187 shares during the quarter. IHT Wealth Management LLC’s holdings in Honeywell International were worth $3,631,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HON. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $6,124,000. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC boosted its position in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 5,750 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after acquiring an additional 12,755 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HON shares. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. UBS Group reiterated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Trading Down 1.3 %

NASDAQ HON opened at $226.96 on Wednesday. The company has a fifty day moving average of $217.53 and a 200 day moving average of $210.34. The company has a market capitalization of $147.58 billion, a PE ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 1.05. 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 1 year low of $189.66 and a 1 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. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.99%. 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.