Angeles Wealth Management LLC Acquires 81 Shares of Honeywell International Inc. (NASDAQ:HON)

Angeles Wealth Management LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,172 shares of the conglomerate’s stock after acquiring an additional 81 shares during the quarter. Angeles Wealth Management LLC’s holdings in Honeywell International were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $39,000. Finally, New Covenant Trust Company N.A. bought a new stake in Honeywell International in the first quarter valued at about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Bank of America reiterated a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Ten equities research 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 stock has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Up 1.7 %

Shares of NASDAQ HON opened at $209.19 on Monday. Honeywell International Inc. has a 1 year low of $183.20 and a 1 year high of $222.98. The firm’s 50-day moving average is $207.95 and its 200-day moving average is $205.96. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $136.03 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

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 of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 49.88%.

Honeywell International Company 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.