World Investment Advisors LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

World Investment Advisors LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,418 shares of the conglomerate’s stock after buying an additional 1,273 shares during the quarter. World Investment Advisors LLC’s holdings in Honeywell International were worth $1,947,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HON. Gradient Investments LLC increased its position in Honeywell International by 24.9% during the 2nd quarter. Gradient Investments LLC now owns 1,788 shares of the conglomerate’s stock valued at $382,000 after purchasing an additional 356 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Honeywell International by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 224,670 shares of the conglomerate’s stock worth $47,976,000 after buying an additional 703 shares during the period. Meridian Investment Counsel Inc. boosted its position in Honeywell International by 17.0% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 8,274 shares of the conglomerate’s stock valued at $1,767,000 after acquiring an additional 1,200 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Honeywell International by 1.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 41,876 shares of the conglomerate’s stock worth $8,942,000 after acquiring an additional 771 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Honeywell International by 5.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 350,298 shares of the conglomerate’s stock valued at $74,803,000 after purchasing an additional 16,954 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $227.62 on Friday. 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 has a market cap of $148.01 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The business has a 50-day simple moving average of $221.06 and a two-hundred day simple moving average of $211.75. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Bank of America upped their price objective 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. Barclays upped their price target on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $248.77.

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.