Mizuho Securities USA LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Mizuho Securities USA LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1,147.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 626,071 shares of the conglomerate’s stock after purchasing an additional 575,865 shares during the quarter. Mizuho Securities USA LLC’s holdings in Honeywell International were worth $129,415,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cypress Wealth Services LLC boosted its position in Honeywell International by 2.5% during 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 during the period. Absher Wealth Management LLC boosted its stake in shares of Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares in the last quarter. Bard Financial Services Inc. lifted 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 buying an additional 50 shares during the period. ZRC Wealth Management LLC grew 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 worth $99,000 after acquiring an additional 50 shares during the period. Finally, CFM Wealth Partners LLC lifted its stake 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 valued at $264,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.2 %

NASDAQ HON opened at $228.99 on Friday. The stock’s 50-day moving average price is $211.39 and its 200-day moving average price is $207.74. The company has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 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 Inc. has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The company also recently announced 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 boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HON. Barclays boosted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday. Finally, Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.45.

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.