Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management lifted its position in Honeywell International Inc. (NASDAQ:HON) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,153 shares of the conglomerate’s stock after acquiring an additional 1,275 shares during the period. Smith Salley Wealth Management’s holdings in Honeywell International were worth $13,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Cypress Wealth Services LLC grew its holdings in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares in the last quarter. Bard Financial Services Inc. boosted its position in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC grew its stake in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 50 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after acquiring an additional 50 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a report on Friday. Barclays reduced their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $223.73.

Honeywell International Price Performance

Shares of HON opened at $208.00 on Friday. The company has a market cap of $135.45 billion, a P/E ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. 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 firm’s 50 day moving average price is $207.39 and its 200 day moving average price is $205.44.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. On average, research analysts forecast 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. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 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.