B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 1,993 Honeywell International Inc. (NASDAQ:HON)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 1,993 shares of the conglomerate’s stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the period. Legal & General Group Plc raised its stake in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares in the last quarter. Hsbc Holdings PLC boosted its position in Honeywell International by 12.3% during the 2nd quarter. Hsbc Holdings PLC now owns 2,162,328 shares of the conglomerate’s stock worth $461,182,000 after purchasing an additional 236,616 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Honeywell International by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,866,827 shares of the conglomerate’s stock valued at $385,892,000 after purchasing an additional 17,428 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup reduced their price objective 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. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Shares of HON stock opened at $229.11 on Monday. The firm has a market cap of $148.98 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.69 and a beta of 1.03. The firm has a fifty day moving average of $213.86 and a two-hundred day moving average of $209.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) 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.