Assetmark Inc. Buys 1,018 Shares of Honeywell International Inc. (NASDAQ:HON)

Assetmark Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,350 shares of the conglomerate’s stock after buying an additional 1,018 shares during the quarter. Assetmark Inc.’s holdings in Honeywell International were worth $3,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter valued at $29,000. Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter valued at $39,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 3.8 %

Shares of HON stock opened at $233.91 on Wednesday. Honeywell International Inc. has a fifty-two week low of $185.71 and a fifty-two week high of $242.77. 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 stock has a 50 day simple moving average of $209.09 and a two-hundred day simple moving average of $206.87. The company has a market cap of $152.10 billion, a P/E ratio of 26.01, a PEG ratio of 2.61 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.19%.

Analysts Set New Price Targets

HON has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.73.

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.