Managed Asset Portfolios LLC Invests $3.40 Million in Honeywell International Inc. (NASDAQ:HON)

Managed Asset Portfolios LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,433 shares of the conglomerate’s stock, valued at approximately $3,397,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc lifted its stake in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Honeywell International by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after acquiring an additional 42,287 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Honeywell International by 7.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 3,197,717 shares of the conglomerate’s stock valued at $661,000,000 after acquiring an additional 228,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $229.11 on Friday. The company has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.69 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The firm’s 50 day simple moving average is $213.86 and its two-hundred day simple moving average is $208.98. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

HON has been the topic of several research reports. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada raised their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.