Fisher Asset Management LLC Purchases 3,632 Shares of Honeywell International Inc. (NASDAQ:HON)

Fisher Asset Management LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,350 shares of the conglomerate’s stock after buying an additional 3,632 shares during the period. Fisher Asset Management LLC’s holdings in Honeywell International were worth $34,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at $29,000. Planning Capital Management Corp raised its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International during the 1st quarter worth about $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON stock opened at $230.40 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a fifty day moving average of $214.90 and a 200-day moving average of $209.46. The firm has a market capitalization of $149.82 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 52.19%.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Barclays raised their price target on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.