FSM Wealth Advisors LLC Purchases 118 Shares of Honeywell International Inc. (NASDAQ:HON)

FSM Wealth Advisors LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.4% in the third quarter, HoldingsChannel reports. The fund owned 2,812 shares of the conglomerate’s stock after purchasing an additional 118 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Honeywell International were worth $581,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. LGT Group Foundation purchased a new stake in shares of Honeywell International during the first quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the third quarter valued at about $29,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the first quarter worth about $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Honeywell International in the first quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $207.54 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $134.95 billion, a PE ratio of 23.97, a P/E/G ratio of 2.44 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a fifty day moving average of $208.03 and a two-hundred day moving average of $206.07.

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 issued 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 dividend yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

Several analysts have commented on HON shares. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America restated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Finally, Barclays decreased their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $223.73.

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.