Simmons Bank Grows Position in Honeywell International Inc. (NASDAQ:HON)

Simmons Bank increased its position in Honeywell International Inc. (NASDAQ:HON) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,553 shares of the conglomerate’s stock after buying an additional 1,542 shares during the quarter. Simmons Bank’s holdings in Honeywell International were worth $5,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter valued at $29,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter worth $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Honeywell International in the 3rd quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON opened at $233.91 on Wednesday. The firm has a 50 day moving average of $209.67 and a 200 day moving average of $207.16. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a twelve month low of $185.71 and a twelve month high of $242.77. The company has a market capitalization of $152.10 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.68 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. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, 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 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 company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.