Taurus Asset Management LLC Acquires 71 Shares of Honeywell International Inc. (NASDAQ:HON)

Taurus Asset Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,346 shares of the conglomerate’s stock after acquiring an additional 71 shares during the quarter. Taurus Asset Management LLC’s holdings in Honeywell International were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quest Partners LLC raised its holdings in Honeywell International by 471,350.0% during the third quarter. Quest Partners LLC now owns 9,429 shares of the conglomerate’s stock valued at $1,949,000 after acquiring an additional 9,427 shares during the period. Aljian Capital Management LLC bought a new stake in shares of Honeywell International in the third quarter worth about $216,000. Accent Capital Management LLC increased its holdings in shares of Honeywell International by 261.3% in the third quarter. Accent Capital Management LLC now owns 8,888 shares of the conglomerate’s stock worth $1,837,000 after purchasing an additional 6,428 shares during the last quarter. Adero Partners LLC increased its holdings in shares of Honeywell International by 9.6% in the third quarter. Adero Partners LLC now owns 1,269 shares of the conglomerate’s stock worth $262,000 after purchasing an additional 111 shares during the last quarter. Finally, Schear Investment Advisers LLC increased its holdings in shares of Honeywell International by 8.6% in the third quarter. Schear Investment Advisers LLC now owns 6,712 shares of the conglomerate’s stock worth $1,387,000 after purchasing an additional 529 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.7 %

Shares of NASDAQ:HON opened at $228.99 on Monday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The business has a 50 day simple moving average of $211.39 and a two-hundred day simple moving average of $207.94. The firm has a market capitalization of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target 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. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $241.45.

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.