Pinnacle Financial Partners Inc Has $28.96 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Pinnacle Financial Partners Inc grew its position in Honeywell International Inc. (NASDAQ:HON) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,104 shares of the conglomerate’s stock after acquiring an additional 25,312 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Honeywell International were worth $28,961,000 as of its most recent SEC filing.

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

Honeywell International Stock Up 3.8 %

NASDAQ:HON opened at $233.91 on Wednesday. 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 Inc. has a 12-month low of $185.71 and a 12-month high of $242.77. The stock’s fifty day simple moving average is $209.67 and its 200-day simple moving average is $207.16. The firm has a market capitalization of $152.10 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.68 and a beta of 1.03.

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 given a $1.13 dividend. 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. This represents a $4.52 annualized dividend and a dividend yield of 1.93%. Honeywell International’s payout ratio is currently 49.88%.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Bank of America reissued 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. Barclays lowered their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company 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.