Shum Financial Group Inc. Invests $356,000 in Honeywell International Inc. (NASDAQ:HON)

Shum Financial Group Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,703 shares of the conglomerate’s stock, valued at approximately $356,000.

Several other large investors have also made changes to their positions in the company. Quent Capital LLC grew its holdings in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after acquiring an additional 77 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in Honeywell International during the 1st quarter valued at about $263,000. Meiji Yasuda Life Insurance Co acquired a new position in Honeywell International during the 1st quarter valued at about $1,037,000. Tidal Investments LLC raised its position in shares of Honeywell International by 75.7% in the 1st quarter. Tidal Investments LLC now owns 25,977 shares of the conglomerate’s stock valued at $5,332,000 after acquiring an additional 11,195 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $2,417,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.1 %

HON stock traded up $0.25 during trading on Tuesday, hitting $230.85. The company had a trading volume of 239,960 shares, compared to its average volume of 3,118,473. The business has a 50-day moving average of $214.38 and a 200-day moving average of $209.27. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The stock has a market cap of $150.11 billion, a PE ratio of 26.63, a PEG ratio of 2.72 and a beta of 1.03. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend 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 1.96%. Honeywell International’s payout ratio is 52.19%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Citigroup decreased their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.