Honeywell International Inc. (NASDAQ:HON) Position Lessened by Fiduciary Alliance LLC

Fiduciary Alliance LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 76.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,527 shares of the conglomerate’s stock after selling 8,110 shares during the quarter. Fiduciary Alliance LLC’s holdings in Honeywell International were worth $522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the fourth quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth about $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their target price for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Wells Fargo & Company cut their target price on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Performance

Honeywell International stock opened at $217.60 on Tuesday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The stock has a 50-day simple moving average of $203.87 and a 200 day simple moving average of $204.32. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $141.70 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

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 issued a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.38%.

Honeywell International Company 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.