Blake Schutter Theil Wealth Advisors LLC Takes $472,000 Position in Honeywell International Inc. (NASDAQ:HON)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,284 shares of the conglomerate’s stock, valued at approximately $472,000.

Several other large investors have also made changes to their positions in HON. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth $29,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Honeywell International in the 1st quarter valued at approximately $42,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Finally, Baird R W lowered 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 company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $216.40 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $183.20 and a one year high of $222.98. The business has a 50-day simple moving average of $208.31 and a 200 day simple moving average of $206.25. The firm has a market capitalization of $140.71 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently disclosed 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 is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.09%. Honeywell International’s dividend 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.