Umpqua Bank Acquires New Holdings in Honeywell International Inc. (NASDAQ:HON)

Umpqua Bank bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 986 shares of the conglomerate’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Radnor Capital Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $883,000. Leslie Global Wealth LLC raised its holdings in shares of Honeywell International by 7.8% in the third quarter. Leslie Global Wealth LLC now owns 2,003 shares of the conglomerate’s stock valued at $414,000 after purchasing an additional 145 shares during the last quarter. Marks Group Wealth Management Inc lifted its position in shares of Honeywell International by 5.2% during the third quarter. Marks Group Wealth Management Inc now owns 44,210 shares of the conglomerate’s stock valued at $9,139,000 after purchasing an additional 2,168 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in Honeywell International by 3.0% during the third quarter. Crestwood Advisors Group LLC now owns 359,519 shares of the conglomerate’s stock worth $74,317,000 after purchasing an additional 10,552 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in Honeywell International by 3.4% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,653 shares of the conglomerate’s stock worth $4,062,000 after purchasing an additional 643 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several research reports. Citigroup lowered 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. Royal Bank of Canada cut their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Up 2.2 %

Shares of HON stock traded up $4.53 during trading hours on Wednesday, hitting $213.31. 327,152 shares of the company’s stock traded hands, compared to its average volume of 2,979,156. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock’s fifty day simple moving average is $208.08 and its two-hundred day simple moving average is $206.17. Honeywell International Inc. has a 12-month low of $183.20 and a 12-month high of $222.98. The stock has a market cap of $138.70 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. This is a boost 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 49.88%.

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.