Tidal Investments LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Tidal Investments LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 46.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,572 shares of the conglomerate’s stock after purchasing an additional 15,370 shares during the period. Tidal Investments LLC’s holdings in Honeywell International were worth $10,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fiduciary Financial Group LLC purchased a new position in Honeywell International in the 2nd quarter worth $248,000. Silver Lake Advisory LLC purchased a new position in Honeywell International in the 2nd quarter worth $198,000. Blue Trust Inc. raised its stake in Honeywell International by 29.8% in the 2nd quarter. Blue Trust Inc. now owns 5,448 shares of the conglomerate’s stock worth $1,118,000 after acquiring an additional 1,252 shares during the last quarter. Stanley Laman Group Ltd. raised its stake in Honeywell International by 2.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 22,948 shares of the conglomerate’s stock worth $4,900,000 after acquiring an additional 520 shares during the last quarter. Finally, Rovin Capital UT ADV raised its stake in Honeywell International by 12.7% in the 2nd quarter. Rovin Capital UT ADV now owns 1,560 shares of the conglomerate’s stock worth $333,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $227.69 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 stock has a market capitalization of $148.05 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The stock’s 50-day moving average price is $220.58 and its 200-day moving average price is $211.47.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $248.77.

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.