Honeywell International Inc. (NASDAQ:HON) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,061,639 shares of the conglomerate’s stock after purchasing an additional 108,160 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Honeywell International were worth $632,871,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RIA Advisory Group LLC acquired a new position in shares of Honeywell International in the third quarter worth $6,124,000. EP Wealth Advisors LLC raised its holdings in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after acquiring an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Honeywell International by 24.5% in the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 5,750 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after acquiring an additional 8,687 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $229.64 on Thursday. The stock has a 50-day moving average price of $215.46 and a two-hundred day moving average price of $209.61. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market cap of $149.32 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 1.97%. 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 52.19%.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays boosted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. 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 target for the company. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $241.45.

About Honeywell International

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.