Honeywell International Inc. (NASDAQ:HON) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,175 shares of the conglomerate’s stock after selling 110 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Honeywell International were worth $1,483,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cypress Wealth Services LLC grew its stake in shares of Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Bard Financial Services Inc. boosted its holdings in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares in the last quarter. ZRC Wealth Management LLC grew its position in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC boosted its position in shares of Honeywell International by 3.0% in the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after buying an additional 51 shares during the period. Finally, Lansing Street Advisors lifted its stake in Honeywell International by 5.0% in the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after acquiring an additional 51 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock traded up $2.03 during midday trading on Friday, reaching $215.63. 237,564 shares of the company’s stock traded hands, compared to its average volume of 2,813,481. The company has a 50-day simple moving average of $203.26 and a two-hundred day simple moving average of $204.10. The company has a market cap of $140.09 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $2.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 49.26%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $225.00 to $235.00 in a research report on Thursday. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Seven equities 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 has a consensus rating of “Hold” and an average target price of $223.56.

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.