Copley Financial Group Inc. Buys New Holdings in Honeywell International Inc. (NASDAQ:HON)

Copley Financial Group Inc. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,197 shares of the conglomerate’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Absher Wealth Management LLC raised its holdings in shares of Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares during the period. ZRC Wealth Management LLC increased its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares during the last quarter. CFM Wealth Partners LLC raised its stake in Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares during the period. Jacobsen Capital Management lifted its position in shares of Honeywell International by 5.2% in the third quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after buying an additional 50 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in shares of Honeywell International by 0.4% during the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock worth $2,517,000 after acquiring an additional 50 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $0.54 during trading on Friday, hitting $228.23. 195,057 shares of the company were exchanged, compared to its average volume of 3,130,719. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market capitalization of $148.41 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $220.58 and its 200-day moving average is $211.47.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders 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 1.98%. The ex-dividend date was Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HON. Citigroup raised their price target on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, Barclays boosted their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.77.

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.