Intech Investment Management LLC Has $7.89 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Intech Investment Management LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,170 shares of the conglomerate’s stock after acquiring an additional 1,544 shares during the period. Intech Investment Management LLC’s holdings in Honeywell International were worth $7,890,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.4 %

Shares of HON opened at $225.79 on Friday. The firm has a market capitalization of $146.82 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.71 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 business’s fifty day moving average price is $213.36 and its two-hundred day moving average price is $208.66. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Barclays increased their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $241.45.

About Honeywell International

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.