Alan B Lancz & Associates Inc. Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Alan B Lancz & Associates Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,361 shares of the conglomerate’s stock after buying an additional 400 shares during the period. Honeywell International makes up approximately 1.6% of Alan B Lancz & Associates Inc.’s investment portfolio, making the stock its 12th largest holding. Alan B Lancz & Associates Inc.’s holdings in Honeywell International were worth $1,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LGT Group Foundation purchased a new stake in shares of Honeywell International in the first quarter worth about $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at approximately $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HON. Bank of America restated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Barclays dropped their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Wells Fargo & Company boosted their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $219.49 on Friday. 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 $183.20 and a 1 year high of $222.98. The firm has a market capitalization of $142.72 billion, a PE ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03. The business’s 50 day moving average price is $208.74 and its 200-day moving average price is $206.49.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, November 15th. 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.