Coldstream Capital Management Inc. Raises Position in Honeywell International Inc. (NASDAQ:HON)

Coldstream Capital Management Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 13.9% during the third quarter, Holdings Channel reports. The fund owned 33,662 shares of the conglomerate’s stock after acquiring an additional 4,108 shares during the period. Coldstream Capital Management Inc.’s holdings in Honeywell International were worth $6,980,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Orion Capital Management LLC increased its position in shares of Honeywell International by 16.8% in the 3rd quarter. Orion Capital Management LLC now owns 1,268 shares of the conglomerate’s stock valued at $262,000 after purchasing an additional 182 shares during the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. M&T Bank Corp lifted its holdings in Honeywell International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock worth $61,643,000 after buying an additional 3,143 shares during the last quarter. Executive Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $234,000. Finally, Continuum Advisory LLC raised its position in shares of Honeywell International by 402.0% during the 3rd quarter. Continuum Advisory LLC now owns 502 shares of the conglomerate’s stock worth $104,000 after acquiring an additional 402 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.09 on Tuesday. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a 50 day simple moving average of $219.12 and a 200-day simple moving average of $211.03. The firm has a market cap of $146.36 billion, a PE ratio of 25.99, a P/E/G ratio of 2.82 and a beta of 1.05. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HON shares. Barclays upped their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $244.36.

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.