Townsquare Capital LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Townsquare Capital LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,250 shares of the conglomerate’s stock after purchasing an additional 2,589 shares during the quarter. Townsquare Capital LLC’s holdings in Honeywell International were worth $4,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter valued at about $29,000. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the first quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. 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. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 0.3 %

NASDAQ:HON opened at $229.64 on Friday. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company’s 50-day simple moving average is $215.98 and its 200 day simple moving average is $209.74. The firm has a market capitalization of $149.32 billion, a P/E ratio of 26.52, a PEG ratio of 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced 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 represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 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.