Prospera Financial Services Inc Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Prospera Financial Services Inc lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 13.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,500 shares of the conglomerate’s stock after buying an additional 5,802 shares during the period. Prospera Financial Services Inc’s holdings in Honeywell International were worth $10,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC raised its position in shares of Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after purchasing an additional 77 shares during the last quarter. Covestor Ltd raised its holdings in shares of Honeywell International by 17.3% during the first quarter. Covestor Ltd now owns 447 shares of the conglomerate’s stock valued at $92,000 after acquiring an additional 66 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Honeywell International by 60.8% in the first quarter. Lake Street Advisors Group LLC now owns 7,202 shares of the conglomerate’s stock valued at $1,478,000 after acquiring an additional 2,723 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth approximately $742,000. Finally, Leelyn Smith LLC raised its stake in Honeywell International by 2.5% in the 1st quarter. Leelyn Smith LLC now owns 19,451 shares of the conglomerate’s stock valued at $3,992,000 after purchasing an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $228.85 on Tuesday. The firm has a 50-day simple moving average of $211.94 and a two-hundred day simple moving average of $208.19. The stock has a market cap of $148.81 billion, a PE ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $189.66 and a 1-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.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 49.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HON shares. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Barclays boosted their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Company 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.