Anchor Investment Management LLC Has $199,000 Position in Honeywell International Inc. (NASDAQ:HON)

Anchor Investment Management LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 46.4% in the third quarter, Holdings Channel.com reports. The fund owned 962 shares of the conglomerate’s stock after buying an additional 305 shares during the quarter. Anchor Investment Management LLC’s holdings in Honeywell International were worth $199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Financial Group LLC bought a new position in shares of Honeywell International during the second quarter worth $248,000. Gradient Investments LLC lifted its holdings in Honeywell International by 24.9% during the second quarter. Gradient Investments LLC now owns 1,788 shares of the conglomerate’s stock worth $382,000 after acquiring an additional 356 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its stake in Honeywell International by 22.4% in the second quarter. Foster Victor Wealth Advisors LLC now owns 1,411 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 258 shares during the period. ARS Wealth Advisors Group LLC increased its holdings in shares of Honeywell International by 1.3% in the second quarter. ARS Wealth Advisors Group LLC now owns 77,083 shares of the conglomerate’s stock worth $16,460,000 after acquiring an additional 981 shares in the last quarter. Finally, Boomfish Wealth Group LLC raised its position in shares of Honeywell International by 1.0% during the second quarter. Boomfish Wealth Group LLC now owns 6,391 shares of the conglomerate’s stock worth $1,365,000 after purchasing an additional 64 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $227.62 on Friday. The business’s 50-day simple moving average is $221.06 and its 200 day simple moving average is $211.66. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market capitalization of $148.01 billion, a PE ratio of 26.28, a PEG ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Analyst Ratings Changes

HON has been the subject of a number of research reports. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup raised their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, 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 note on Wednesday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $248.77.

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.