White Pine Investment CO Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

White Pine Investment CO grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 19.0% in the third quarter, Holdings Channel reports. The institutional investor owned 16,564 shares of the conglomerate’s stock after purchasing an additional 2,650 shares during the period. White Pine Investment CO’s holdings in Honeywell International were worth $3,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HON. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the 1st quarter worth $39,000. Finally, TruNorth Capital Management LLC purchased a new stake in Honeywell International in the second quarter valued at $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.19 on Friday. Honeywell International Inc. has a 52 week low of $183.20 and a 52 week high of $222.98. The company has a 50-day moving average price of $207.95 and a 200 day moving average price of $205.85. The company has a market cap of $136.03 billion, a P/E ratio of 24.16, a PEG ratio of 2.43 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

Analysts Set New Price Targets

A number of research firms have recently commented on HON. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $223.73.

View Our Latest Stock Analysis on Honeywell International

About Honeywell International

(Free Report)

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.

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