Arvest Investments Inc. Buys 64 Shares of Honeywell International Inc. (NASDAQ:HON)

Arvest Investments Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,251 shares of the conglomerate’s stock after purchasing an additional 64 shares during the period. Arvest Investments Inc.’s holdings in Honeywell International were worth $1,292,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. EP Wealth Advisors LLC grew its holdings in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after acquiring an additional 14,271 shares during the period. SteelPeak Wealth LLC grew its holdings in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the period. Asset Management One Co. Ltd. grew its holdings in Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after acquiring an additional 8,687 shares during the period. Catalyst Capital Advisors LLC grew its holdings in Honeywell International by 413.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after acquiring an additional 2,599 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Honeywell International by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after acquiring an additional 28,812 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.9 %

NASDAQ HON traded up $1.99 on Friday, reaching $219.49. The company had a trading volume of 5,694,771 shares, compared to its average volume of 4,861,205. The firm has a market capitalization of $142.72 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. 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 Inc. has a 1-year low of $183.20 and a 1-year high of $222.98. The company’s fifty day moving average is $208.74 and its 200-day moving average is $206.56.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s dividend payout ratio is presently 49.88%.

Wall Street Analyst Weigh In

A number of research firms have commented on HON. Wells Fargo & Company lifted their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada decreased 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 report on Friday, October 25th. Finally, Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $223.73.

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.