Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,176 shares of the conglomerate’s stock after purchasing an additional 50 shares during the quarter. Mengis Capital Management Inc.’s holdings in Honeywell International were worth $2,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD lifted its position in Honeywell International by 22.3% during the first 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 in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares in the last quarter. Legal & General Group Plc lifted its position in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Capital Research Global Investors boosted its holdings in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Honeywell International by 12.4% in 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 in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on HON shares. Wells Fargo & Company boosted their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada decreased their price objective 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. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Stock Performance

HON stock opened at $233.91 on Wednesday. Honeywell International Inc. has a 1 year low of $185.71 and a 1 year high of $242.77. The stock has a market capitalization of $152.10 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.68 and a beta of 1.03. 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’s fifty day moving average is $209.67 and its two-hundred day moving average is $207.16.

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 $1.13 dividend. 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. This represents a $4.52 annualized dividend and a yield of 1.93%. Honeywell International’s dividend payout ratio is 49.88%.

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.