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

World Investment Advisors LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 15.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. lifted its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter valued at $38,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HON shares. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Bank of America increased their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $248.77.

Honeywell International Trading Down 0.0 %

NASDAQ:HON opened at $227.62 on Friday. The company has a market capitalization of $148.01 billion, a P/E ratio of 26.28, a PEG ratio of 2.85 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a fifty day simple moving average of $221.06 and a 200-day simple moving average of $211.75.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date was 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%.

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.