Great Valley Advisor Group Inc. Purchases 6,241 Shares of Honeywell International Inc. (NASDAQ:HON)

Great Valley Advisor Group Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,458 shares of the conglomerate’s stock after acquiring an additional 6,241 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Honeywell International were worth $14,771,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nicolet Advisory Services LLC grew its holdings in shares of Honeywell International by 7.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 10,464 shares of the conglomerate’s stock valued at $2,123,000 after purchasing an additional 744 shares during the last quarter. Leelyn Smith LLC increased its holdings in Honeywell International by 4.0% in the 3rd quarter. Leelyn Smith LLC now owns 20,687 shares of the conglomerate’s stock worth $4,276,000 after purchasing an additional 796 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Honeywell International in the third quarter valued at about $1,235,000. Studio Investment Management LLC boosted its stake in shares of Honeywell International by 5.9% during the third quarter. Studio Investment Management LLC now owns 22,172 shares of the conglomerate’s stock valued at $4,583,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Covenant Asset Management LLC grew its holdings in shares of Honeywell International by 2.1% during the third quarter. Covenant Asset Management LLC now owns 3,941 shares of the conglomerate’s stock worth $815,000 after purchasing an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price target on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. UBS Group reissued 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, November 13th. Finally, Citigroup cut their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $229.11 on Friday. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The stock’s 50-day simple moving average is $213.86 and its 200 day simple moving average is $208.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $148.98 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 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.