Financial Advocates Investment Management Buys 1,898 Shares of Honeywell International Inc. (NASDAQ:HON)

Financial Advocates Investment Management boosted its stake in Honeywell International Inc. (NASDAQ:HONGet Rating) by 52.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,528 shares of the conglomerate’s stock after acquiring an additional 1,898 shares during the period. Financial Advocates Investment Management’s holdings in Honeywell International were worth $961,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Honeywell International by 6.1% in the first quarter. Vanguard Group Inc. now owns 59,519,520 shares of the conglomerate’s stock valued at $11,581,308,000 after purchasing an additional 3,400,094 shares during the period. BlackRock Inc. grew its stake in Honeywell International by 2.1% during the first quarter. BlackRock Inc. now owns 42,068,861 shares of the conglomerate’s stock valued at $8,185,760,000 after acquiring an additional 883,708 shares in the last quarter. Wellington Management Group LLP grew its stake in Honeywell International by 15.1% during the first quarter. Wellington Management Group LLP now owns 14,683,542 shares of the conglomerate’s stock valued at $2,857,123,000 after acquiring an additional 1,921,577 shares in the last quarter. Capital International Investors grew its stake in Honeywell International by 10.2% during the first quarter. Capital International Investors now owns 9,518,037 shares of the conglomerate’s stock valued at $1,852,406,000 after acquiring an additional 879,148 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Honeywell International by 20.4% during the first quarter. Capital Research Global Investors now owns 3,776,422 shares of the conglomerate’s stock valued at $734,816,000 after acquiring an additional 638,811 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.

Honeywell International Trading Up 0.1 %

Shares of HON opened at $218.91 on Thursday. The firm has a 50 day moving average price of $192.01 and a 200-day moving average price of $188.56. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $221.89. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.94 and a current ratio of 1.24. The firm has a market cap of $147.18 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.90 and a beta of 1.13.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be issued a dividend of $1.03 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.98. This represents a $4.12 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, November 9th. Honeywell International’s dividend payout ratio is currently 52.75%.

Insider Activity at Honeywell International

In related news, COO Vimal Kapur sold 7,500 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $207.46, for a total transaction of $1,555,950.00. Following the completion of the sale, the chief operating officer now directly owns 13,896 shares in the company, valued at approximately $2,882,864.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Honeywell International news, CEO George Koutsaftes sold 5,420 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $214.17, for a total value of $1,160,801.40. Following the completion of the transaction, the chief executive officer now directly owns 7,343 shares in the company, valued at approximately $1,572,650.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Vimal Kapur sold 7,500 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $207.46, for a total transaction of $1,555,950.00. Following the completion of the transaction, the chief operating officer now owns 13,896 shares of the company’s stock, valued at $2,882,864.16. The disclosure for this sale can be found here. Insiders sold 53,440 shares of company stock worth $11,274,575 in the last three months. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HON. TheStreet raised shares of Honeywell International from a “c+” rating to a “b-” rating in a research note on Thursday, August 11th. Royal Bank of Canada boosted their price objective on shares of Honeywell International from $184.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, October 28th. Barclays boosted their price target on shares of Honeywell International from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Cowen boosted their price target on shares of Honeywell International to $215.00 in a research note on Tuesday, November 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Honeywell International to $234.00 in a research note on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Honeywell International Profile

(Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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