Charles Schwab Investment Management Inc. Purchases 42,287 Shares of Honeywell International Inc. (NASDAQ:HON)

Charles Schwab Investment Management Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,784,199 shares of the conglomerate’s stock after buying an additional 42,287 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Honeywell International were worth $782,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth $26,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.09 during trading hours on Thursday, reaching $226.76. 236,279 shares of the stock traded hands, compared to its average volume of 3,100,914. The company has a market capitalization of $147.45 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. The company’s 50-day simple moving average is $212.94 and its two-hundred day simple moving average is $208.54. 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 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. 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 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio is 52.19%.

About Honeywell International

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.