Radnor Capital Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 4,272 shares of the conglomerate’s stock, valued at approximately $883,000.
Other large investors also recently bought and sold shares of the company. Norden Group LLC boosted its position in Honeywell International by 47.9% during the first quarter. Norden Group LLC now owns 2,156 shares of the conglomerate’s stock worth $443,000 after acquiring an additional 698 shares during the last quarter. Quent Capital LLC grew its position in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 77 shares in the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Honeywell International by 77.0% in the first quarter. OLD Second National Bank of Aurora now owns 8,913 shares of the conglomerate’s stock valued at $1,829,000 after purchasing an additional 3,878 shares during the last quarter. CFO4Life Group LLC purchased a new position in Honeywell International during the first quarter worth approximately $204,000. Finally, Duality Advisers LP acquired a new position in Honeywell International during the first quarter worth $4,196,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on HON shares. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada reduced 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 note on Friday, October 25th. Citigroup cut their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. Finally, 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 report on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $223.73.
Honeywell International Price Performance
HON opened at $216.40 on Thursday. The firm has a market cap of $140.71 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03. 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 stock’s 50-day moving average price is $208.31 and its 200 day moving average price is $206.25. Honeywell International Inc. has a 12-month low of $183.20 and a 12-month high of $222.98.
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 $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.09%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.
Honeywell International 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.
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