Honeywell International Inc. (NASDAQ:HON) Stock Position Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 37.2% during the third quarter, Holdings Channel.com reports. The firm owned 770,228 shares of the conglomerate’s stock after acquiring an additional 208,646 shares during the period. The Manufacturers Life Insurance Company’s holdings in Honeywell International were worth $159,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HON. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Planning Capital Management Corp lifted its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. bought a new position in Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Citigroup cut 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 lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research 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’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Performance

Shares of HON stock opened at $230.40 on Wednesday. The company has a market capitalization of $149.82 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.72 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 company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock’s fifty day simple moving average is $214.90 and its 200-day simple moving average is $209.46.

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. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. 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 1.96%. Honeywell International’s dividend payout ratio is currently 52.19%.

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.