Affiance Financial LLC Sells 55 Shares of Honeywell International Inc. (NASDAQ:HON)

Affiance Financial LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,273 shares of the conglomerate’s stock after selling 55 shares during the period. Affiance Financial LLC’s holdings in Honeywell International were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HON. Raleigh Capital Management Inc. raised its position in shares of Honeywell International by 38.9% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the conglomerate’s stock valued at $75,000 after buying an additional 100 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Honeywell International by 10.6% in the 4th quarter. Centaurus Financial Inc. now owns 5,160 shares of the conglomerate’s stock valued at $1,082,000 after buying an additional 493 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Creekmur Asset Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $55,000. Finally, Fortis Group Advisors LLC raised its position in shares of Honeywell International by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 230 shares of the conglomerate’s stock valued at $48,000 after buying an additional 115 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $235.00 in a research report on Thursday. Wells Fargo & Company lowered 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 research report on Monday, October 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Finally, StockNews.com cut shares of 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Trading Up 1.1 %

HON opened at $215.99 on Monday. The company’s 50 day moving average price is $203.51 and its two-hundred day moving average price is $204.24. 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 Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a market capitalization of $140.65 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm posted $2.23 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current 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 paid a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend 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.