Gilliland Jeter Wealth Management LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Gilliland Jeter Wealth Management LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 23.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,040 shares of the conglomerate’s stock after selling 315 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Honeywell International were worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LGT Group Foundation purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter worth about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the 1st quarter valued at about $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $222.02 on Monday. The stock’s 50-day moving average price is $205.53 and its 200 day moving average price is $204.83. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $144.58 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $222.07.

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

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.38%.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Wells Fargo & Company dropped their target price on shares of 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. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, StockNews.com cut 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.