Assenagon Asset Management S.A. Buys 232 Shares of Honeywell International Inc. (NASDAQ:HON)

Assenagon Asset Management S.A. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,892 shares of the conglomerate’s stock after purchasing an additional 232 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Honeywell International were worth $3,905,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Pinnacle West Asset Management Inc. raised its holdings in shares of Honeywell International by 1.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,845 shares of the conglomerate’s stock worth $1,002,000 after purchasing an additional 75 shares during the period. Grimes & Company Inc. raised its holdings in shares of Honeywell International by 6.3% in the 3rd quarter. Grimes & Company Inc. now owns 6,932 shares of the conglomerate’s stock worth $1,433,000 after purchasing an additional 409 shares during the period. Greystone Financial Group LLC raised its holdings in Honeywell International by 7.9% during the 3rd quarter. Greystone Financial Group LLC now owns 46,103 shares of the conglomerate’s stock valued at $9,530,000 after acquiring an additional 3,380 shares during the period. Franklin Parlapiano Turner & Welch LLC raised its holdings in Honeywell International by 1.0% during the 3rd quarter. Franklin Parlapiano Turner & Welch LLC now owns 37,192 shares of the conglomerate’s stock valued at $7,688,000 after acquiring an additional 356 shares during the period. Finally, Cherry Creek Investment Advisors Inc. raised its holdings in Honeywell International by 18.6% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 1,675 shares of the conglomerate’s stock valued at $346,000 after acquiring an additional 263 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Barclays lowered their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target 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. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ:HON opened at $204.20 on Thursday. Honeywell International Inc. has a 52-week low of $179.18 and a 52-week high of $222.98. The firm has a fifty day moving average of $207.71 and a 200 day moving average of $205.64. The firm has a market capitalization of $132.97 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International Increases Dividend

The business also recently announced 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. The ex-dividend date 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 2.21%. Honeywell International’s payout ratio is 52.38%.

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.