Goldstone Financial Group LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Goldstone Financial Group LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,178 shares of the conglomerate’s stock, valued at approximately $450,000.

A number of other hedge funds also recently made changes to their positions in HON. Allspring Global Investments Holdings LLC boosted its stake in shares of Honeywell International by 12.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock valued at $33,409,000 after purchasing an additional 18,300 shares in the last quarter. Norden Group LLC boosted its stake in shares of Honeywell International by 2,574.1% in the 1st quarter. Norden Group LLC now owns 38,988 shares of the conglomerate’s stock valued at $8,004,000 after purchasing an additional 37,530 shares in the last quarter. Kovack Advisors Inc. raised its holdings in Honeywell International by 21.1% in the 1st quarter. Kovack Advisors Inc. now owns 3,682 shares of the conglomerate’s stock valued at $756,000 after buying an additional 642 shares during the last quarter. FORVIS Wealth Advisors LLC raised its holdings in Honeywell International by 4.0% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 4,267 shares of the conglomerate’s stock valued at $876,000 after buying an additional 164 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in Honeywell International by 3.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 12,007 shares of the conglomerate’s stock valued at $2,458,000 after buying an additional 397 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $204.20 on Thursday. The company has a fifty day moving average of $207.71 and a 200-day moving average of $205.64. The firm has a market capitalization of $132.97 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a twelve month low of $179.18 and a twelve month high of $222.98.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.21%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HON. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Barclays dropped their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.