Essex LLC Sells 549 Shares of Honeywell International Inc. (NASDAQ:HON)

Essex LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,684 shares of the conglomerate’s stock after selling 549 shares during the quarter. Essex LLC’s holdings in Honeywell International were worth $3,242,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HON. Cypress Wealth Services LLC grew its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. boosted its holdings in Honeywell International by 0.3% in 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 in the last quarter. ZRC Wealth Management LLC grew its stake in Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 50 shares during the period. CFM Wealth Partners LLC increased its holdings in shares of Honeywell International by 4.0% during the third 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 in the last quarter. Finally, Quent Capital LLC raised its position in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on HON. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company reduced 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, October 7th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Seven equities research 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 an average rating of “Hold” and a consensus target price of $223.56.

Honeywell International Price Performance

Honeywell International stock opened at $222.02 on Friday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.07. The company’s 50 day moving average price is $205.53 and its two-hundred day moving average price is $204.79. The stock has a market cap of $144.58 billion, a P/E ratio of 25.73, a P/E/G 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 (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. On average, equities analysts predict 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. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.04%. 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%.

Honeywell International 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.