Aptus Capital Advisors LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Aptus Capital Advisors LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 19.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 75,239 shares of the conglomerate’s stock after acquiring an additional 12,178 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Honeywell International were worth $15,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International in the first quarter valued at $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the third quarter worth about $41,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $8.59 on Tuesday, reaching $233.83. 5,118,313 shares of the stock were exchanged, compared to its average volume of 3,056,884. The firm has a market capitalization of $152.05 billion, a PE ratio of 26.01, a PEG ratio of 2.61 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $185.71 and a 1-year high of $242.77. The business has a fifty day moving average price of $209.09 and a two-hundred day moving average price of $206.87. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

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 given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.93%. Honeywell International’s payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

HON has been the subject of a number of research analyst reports. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Bank of America reissued a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price 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.