29,625 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 29,625 shares of the conglomerate’s stock, valued at approximately $6,124,000. Honeywell International makes up approximately 2.2% of RIA Advisory Group LLC’s portfolio, making the stock its 6th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its stake in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC grew its stake in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 5,750 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after purchasing an additional 8,687 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Honeywell International by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after purchasing an additional 28,812 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HON shares. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Barclays boosted their price target on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $228.99 on Friday. The stock has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a 50 day moving average of $211.39 and a two-hundred day moving average of $207.74. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 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.