Fmr LLC Has $293.89 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Fmr LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,421,766 shares of the conglomerate’s stock after selling 40,336 shares during the period. Fmr LLC’s holdings in Honeywell International were worth $293,893,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. RIA Advisory Group LLC purchased a new position in Honeywell International in the third quarter valued at about $6,124,000. EP Wealth Advisors LLC grew its stake in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in 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 buying an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after acquiring an additional 5,750 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake 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 acquiring an additional 8,687 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Barclays boosted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, UBS Group reiterated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

NASDAQ:HON opened at $232.93 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a fifty day moving average price of $216.57 and a 200 day moving average price of $210.03. The stock has a market cap of $151.46 billion, a P/E ratio of 26.90, a PEG ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

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.