Benedict Financial Advisors Inc. Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Benedict Financial Advisors Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,298 shares of the conglomerate’s stock after purchasing an additional 355 shares during the period. Honeywell International comprises 1.3% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 24th biggest position. Benedict Financial Advisors Inc.’s holdings in Honeywell International were worth $5,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Group Foundation purchased a new stake in Honeywell International during the first quarter worth $26,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the first quarter valued at about $35,000. Financial Connections Group Inc. bought a new position in Honeywell International in the second quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the first quarter valued at about $39,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $43,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays decreased their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

NASDAQ:HON traded down $1.10 during mid-day trading on Friday, hitting $208.00. The company’s stock had a trading volume of 6,088,157 shares, compared to its average volume of 2,908,814. The business’s fifty day moving average is $207.39 and its two-hundred day moving average is $205.39. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Analysts anticipate that Honeywell International Inc. will post 10.1 EPS 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 $1.13 dividend. 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 2.17%. Honeywell International’s payout ratio is presently 52.38%.

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.