Baltimore Washington Financial Advisors Inc. Makes New $255,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,234 shares of the conglomerate’s stock, valued at approximately $255,000.

A number of other institutional investors also recently bought and sold shares of the business. Quent Capital LLC grew its stake in shares of Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after purchasing an additional 77 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $263,000. Waverly Advisors LLC grew its stake in shares of Honeywell International by 35.2% during the 1st quarter. Waverly Advisors LLC now owns 11,746 shares of the conglomerate’s stock worth $2,411,000 after purchasing an additional 3,055 shares during the period. Janus Henderson Group PLC grew its stake in Honeywell International by 8.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after acquiring an additional 202,358 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in Honeywell International by 9.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 69,565 shares of the conglomerate’s stock valued at $14,278,000 after acquiring an additional 6,009 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. 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. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Up 1.3 %

NASDAQ HON opened at $229.11 on Friday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 fifty day simple moving average is $213.86 and its 200-day simple moving average is $208.98. The firm has a market cap of $148.98 billion, a PE ratio of 26.46, a P/E/G ratio of 2.69 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 issued 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 of this dividend 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 currently 52.19%.

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.