Transcendent Capital Group LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Transcendent Capital Group LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2,631.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,103 shares of the conglomerate’s stock after purchasing an additional 2,026 shares during the quarter. Transcendent Capital Group LLC’s holdings in Honeywell International were worth $435,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HON. Price T Rowe Associates Inc. MD grew its stake in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. Legal & General Group Plc grew its position in shares of Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company lifted their price objective on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Up 0.9 %

Shares of NASDAQ HON opened at $219.49 on Friday. 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 stock has a market capitalization of $142.72 billion, a PE ratio of 25.35, a P/E/G ratio of 2.57 and a beta of 1.03. The firm has a fifty day moving average of $208.74 and a 200-day moving average of $206.49. Honeywell International Inc. has a 52-week low of $183.20 and a 52-week high of $222.98.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. 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. This represents a $4.52 annualized dividend and a yield of 2.06%. Honeywell International’s dividend payout ratio is currently 49.88%.

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.