Dover Advisors LLC Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Dover Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,063 shares of the conglomerate’s stock after buying an additional 329 shares during the period. Honeywell International makes up approximately 1.3% of Dover Advisors LLC’s holdings, making the stock its 18th largest position. Dover Advisors LLC’s holdings in Honeywell International were worth $2,287,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC raised its position in Honeywell International by 114.3% during the 3rd quarter. Bbjs Financial Advisors LLC now owns 225 shares of the conglomerate’s stock worth $47,000 after buying an additional 120 shares during the last quarter. Trust Co. of Oklahoma lifted its position in Honeywell International by 2.2% in the third quarter. Trust Co. of Oklahoma now owns 19,609 shares of the conglomerate’s stock valued at $4,053,000 after purchasing an additional 416 shares during the period. Zhang Financial LLC boosted its holdings in Honeywell International by 4.2% in the 3rd quarter. Zhang Financial LLC now owns 12,508 shares of the conglomerate’s stock valued at $2,586,000 after purchasing an additional 504 shares in the last quarter. Norway Savings Bank lifted its holdings in shares of Honeywell International by 12.2% in the 3rd quarter. Norway Savings Bank now owns 7,093 shares of the conglomerate’s stock valued at $1,466,000 after buying an additional 769 shares during the period. Finally, Boomfish Wealth Group LLC grew its holdings in Honeywell International by 11.0% during the third quarter. Boomfish Wealth Group LLC now owns 7,094 shares of the conglomerate’s stock worth $1,466,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock traded down $0.33 during trading hours on Tuesday, reaching $217.27. 3,948,378 shares of the company’s stock were exchanged, compared to its average volume of 2,832,592. The firm has a market capitalization of $141.48 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a fifty day moving average of $203.87 and a 200-day moving average of $204.32.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm 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 $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.38%.

Analyst Ratings Changes

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

Get Our Latest Analysis on HON

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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