Schrum Private Wealth Management LLC Acquires 381 Shares of Honeywell International Inc. (NASDAQ:HON)

Schrum Private Wealth Management LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 28.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,740 shares of the conglomerate’s stock after buying an additional 381 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Honeywell International were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HON. Cypress Wealth Services LLC boosted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares in the last quarter. Absher Wealth Management LLC boosted its stake in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares in the last quarter. Bard Financial Services Inc. grew its holdings in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares during the last quarter. ZRC Wealth Management LLC lifted its holdings in shares of Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC boosted its position in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on HON. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday. Bank of America restated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Barclays raised their price target on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $240.55.

Honeywell International Stock Down 0.4 %

Shares of NASDAQ HON opened at $233.07 on Thursday. Honeywell International Inc. has a 52-week low of $188.65 and a 52-week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company’s 50-day simple moving average is $209.67 and its 200-day simple moving average is $207.16. The firm has a market cap of $151.55 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 49.88%.

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.