Executive Wealth Management LLC Makes New $234,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Executive Wealth Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,134 shares of the conglomerate’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of HON. GPS Wealth Strategies Group LLC lifted its holdings in shares of Honeywell International by 14.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,924 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Honeywell International by 6.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 75,921 shares of the conglomerate’s stock valued at $16,212,000 after purchasing an additional 4,647 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Honeywell International by 6.5% during the second quarter. Redhawk Wealth Advisors Inc. now owns 1,533 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 94 shares during the last quarter. Corundum Group Inc. lifted its holdings in shares of Honeywell International by 52.8% during the second quarter. Corundum Group Inc. now owns 7,726 shares of the conglomerate’s stock valued at $1,650,000 after purchasing an additional 2,670 shares during the last quarter. Finally, Red Door Wealth Management LLC lifted its holdings in shares of Honeywell International by 8.1% during the second quarter. Red Door Wealth Management LLC now owns 24,596 shares of the conglomerate’s stock valued at $5,252,000 after purchasing an additional 1,844 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.8 %

NASDAQ:HON opened at $229.08 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a market cap of $148.96 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The company has a 50 day simple moving average of $219.12 and a two-hundred day simple moving average of $211.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.19%.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Morgan Stanley began coverage on shares of 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. Barclays raised their price target on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $244.36.

Honeywell International 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.