Kovack Advisors Inc. Has $727,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Kovack Advisors Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,517 shares of the conglomerate’s stock after selling 133 shares during the period. Kovack Advisors Inc.’s holdings in Honeywell International were worth $727,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. LGT Group Foundation bought a new stake in Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HON. Bank of America restated a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. 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 research note on Friday, October 25th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday. Royal Bank of Canada raised their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $240.55.

Honeywell International Stock Down 0.4 %

HON stock opened at $233.07 on Thursday. Honeywell International Inc. has a twelve month low of $188.65 and a twelve month high of $242.77. The firm has a market capitalization of $151.55 billion, a PE ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a 50-day simple moving average of $209.67 and a two-hundred day simple moving average of $207.16.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 49.88%.

Honeywell International 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.