CX Institutional Has $9.61 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

CX Institutional raised its position in Honeywell International Inc. (NASDAQ:HON) by 589.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 46,509 shares of the conglomerate’s stock after acquiring an additional 39,765 shares during the period. CX Institutional’s holdings in Honeywell International were worth $9,614,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International in the first quarter valued at approximately $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $217.60 on Tuesday. The company has a 50 day moving average of $203.87 and a 200-day moving average of $204.32. The company has a market cap of $141.70 billion, a PE 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 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the business posted $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is presently 52.38%.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company lowered their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. 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 report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $223.56.

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.