Honeywell International Inc. (NASDAQ:HON) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 359,519 shares of the conglomerate’s stock after purchasing an additional 10,552 shares during the quarter. Honeywell International comprises approximately 1.4% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 20th largest position. Crestwood Advisors Group LLC’s holdings in Honeywell International were worth $74,317,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cypress Wealth Services LLC raised its position in Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the last quarter. Absher Wealth Management LLC lifted its position in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares in the last quarter. Bard Financial Services Inc. lifted its position in shares of Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC grew its stake in shares of Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC increased its holdings in shares of Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price 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. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Royal Bank of Canada dropped their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Stock Performance

HON traded up $2.06 on Tuesday, reaching $209.60. The company had a trading volume of 166,093 shares, compared to its average volume of 2,957,445. The company’s fifty day moving average is $208.03 and its 200 day moving average is $206.07. The stock has a market cap of $136.29 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.49 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

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.