Hardy Reed LLC Purchases 6,200 Shares of Honeywell International Inc. (NASDAQ:HON)

Hardy Reed LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 165.3% during the third quarter, HoldingsChannel.com reports. The firm owned 9,950 shares of the conglomerate’s stock after buying an additional 6,200 shares during the period. Hardy Reed LLC’s holdings in Honeywell International were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter valued at $39,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.1 %

Shares of NASDAQ HON opened at $230.40 on Wednesday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The firm’s 50-day moving average is $214.90 and its 200-day moving average is $209.46. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $149.82 billion, a PE 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 1.96%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent analyst reports. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. Finally, Citigroup decreased 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $241.45.

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.