Hollencrest Capital Management Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Hollencrest Capital Management boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 111.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 940 shares of the conglomerate’s stock after purchasing an additional 496 shares during the quarter. Hollencrest Capital Management’s holdings in Honeywell International were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HON. Capital Wealth Planning LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $392,478,000. Price T Rowe Associates Inc. MD boosted its holdings in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC increased its stake in Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Natixis raised its holdings in Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after buying an additional 325,272 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Citigroup decreased their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada cut their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Up 0.9 %

Shares of Honeywell International stock opened at $219.49 on Friday. Honeywell International Inc. has a 52-week low of $183.20 and a 52-week high of $222.98. The company’s 50-day simple moving average is $208.74 and its 200-day simple moving average is $206.49. The firm has a market cap of $142.72 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 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. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.06%. Honeywell International’s payout ratio is 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.