Itau Unibanco Holding S.A. Invests $4.55 Million in Honeywell International Inc. (NASDAQ:HON)

Itau Unibanco Holding S.A. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the conglomerate’s stock, valued at approximately $4,548,000.

Several other hedge funds have also made changes to their positions in HON. Lynx Investment Advisory acquired a new position in Honeywell International during the 2nd quarter worth approximately $66,000. Apella Capital LLC grew its stake in shares of Honeywell International by 16.9% in the 2nd quarter. Apella Capital LLC now owns 1,629 shares of the conglomerate’s stock valued at $343,000 after buying an additional 235 shares during the period. CVA Family Office LLC grew its stake in shares of Honeywell International by 20.1% during the second quarter. CVA Family Office LLC now owns 1,591 shares of the conglomerate’s stock valued at $340,000 after buying an additional 266 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Honeywell International by 0.5% in the second quarter. Albion Financial Group UT now owns 61,500 shares of the conglomerate’s stock worth $13,133,000 after acquiring an additional 276 shares during the period. Finally, M. Kraus & Co boosted its holdings in Honeywell International by 8.6% during the 2nd quarter. M. Kraus & Co now owns 1,887 shares of the conglomerate’s stock valued at $403,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $229.95 on Tuesday. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market capitalization of $149.52 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The business has a 50 day simple moving average of $216.57 and a 200-day simple moving average of $210.03. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend 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 presently 52.19%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Honeywell International 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.