Confluence Wealth Services Inc. Has $371,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Confluence Wealth Services Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,796 shares of the conglomerate’s stock after purchasing an additional 360 shares during the period. Confluence Wealth Services Inc.’s holdings in Honeywell International were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Wealth Planning LLC purchased a new stake in Honeywell International in the 2nd quarter valued at $392,478,000. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Natixis grew its holdings in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Barclays dropped their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Down 0.8 %

Shares of Honeywell International stock opened at $207.54 on Tuesday. 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 50 day moving average of $208.03 and a 200 day moving average of $206.07. Honeywell International Inc. has a fifty-two week low of $183.20 and a fifty-two week high of $222.98. The firm has a market capitalization of $134.95 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.44 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. This is an increase 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 52.19%.

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.