Palumbo Wealth Management LLC Has $930,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Palumbo Wealth Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 216.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,497 shares of the conglomerate’s stock after buying an additional 3,078 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Honeywell International were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Goldstone Financial Group LLC bought a new stake in Honeywell International in the 3rd quarter valued at about $450,000. Cornerstone Wealth Group LLC boosted its stake in shares of Honeywell International by 2.8% in the third quarter. Cornerstone Wealth Group LLC now owns 23,495 shares of the conglomerate’s stock valued at $4,857,000 after buying an additional 644 shares during the period. Oak Harvest Investment Services grew its position in Honeywell International by 29.5% during the third quarter. Oak Harvest Investment Services now owns 45,198 shares of the conglomerate’s stock worth $9,343,000 after buying an additional 10,300 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Honeywell International by 40.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 9,533 shares of the conglomerate’s stock worth $1,971,000 after acquiring an additional 2,753 shares during the period. Finally, SteelPeak Wealth LLC raised its holdings in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after acquiring an additional 52,830 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock 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 report on Monday. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Down 0.0 %

Shares of HON stock traded down $0.01 during mid-day trading on Thursday, reaching $204.19. 385,141 shares of the stock traded hands, compared to its average volume of 2,938,530. The stock’s fifty day simple moving average is $207.71 and its two-hundred day simple moving average is $205.64. Honeywell International Inc. has a 1-year low of $179.18 and a 1-year high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market cap of $132.97 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.45 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 2.21%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

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.