Borer Denton & Associates Inc. Acquires 962 Shares of Honeywell International Inc. (NASDAQ:HON)

Borer Denton & Associates Inc. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,337 shares of the conglomerate’s stock after acquiring an additional 962 shares during the period. Honeywell International accounts for approximately 2.3% of Borer Denton & Associates Inc.’s holdings, making the stock its 17th largest position. Borer Denton & Associates Inc.’s holdings in Honeywell International were worth $6,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cypress Wealth Services LLC grew its holdings in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after acquiring an additional 47 shares during the period. Absher Wealth Management LLC grew its stake in Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 49 shares during the period. Bard Financial Services Inc. increased its holdings in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC lifted its stake in Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the period. Finally, CFM Wealth Partners LLC boosted its holdings in shares of Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 1.3 %

Honeywell International stock opened at $229.11 on Friday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two 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’s 50-day simple moving average is $213.86 and its 200 day simple moving average is $208.98. The stock has a market cap of $148.98 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 1.97%. Honeywell International’s dividend payout ratio is currently 52.19%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $241.45.

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.