Honeywell International Inc. (NASDAQ:HON) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 65.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,217 shares of the conglomerate’s stock after selling 83,863 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Honeywell International were worth $9,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp lifted its position in Honeywell International by 15.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 16,536 shares of the conglomerate’s stock worth $3,418,000 after acquiring an additional 2,198 shares during the period. Trilogy Capital Inc. lifted its holdings in shares of Honeywell International by 2.1% in the 3rd quarter. Trilogy Capital Inc. now owns 2,550 shares of the conglomerate’s stock valued at $527,000 after buying an additional 52 shares during the period. Violich Capital Management Inc. lifted its holdings in shares of Honeywell International by 1.0% in the 3rd quarter. Violich Capital Management Inc. now owns 43,246 shares of the conglomerate’s stock valued at $8,939,000 after buying an additional 425 shares during the period. Penn Davis Mcfarland Inc. lifted its holdings in shares of Honeywell International by 10.0% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 11,412 shares of the conglomerate’s stock valued at $2,359,000 after buying an additional 1,036 shares during the period. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of Honeywell International by 10.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 13,950 shares of the conglomerate’s stock valued at $2,884,000 after buying an additional 1,270 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Morgan Stanley assumed coverage on 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. Wells Fargo & Company dropped their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $223.56.

Honeywell International Price Performance

Honeywell International stock traded down $0.51 during mid-day trading on Monday, hitting $221.51. 1,514,937 shares of the company were exchanged, compared to its average volume of 2,832,346. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The business’s 50 day simple moving average is $205.53 and its two-hundred day simple moving average is $204.83. The company has a market capitalization of $144.24 billion, a P/E ratio of 25.61, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98.

Honeywell International (NASDAQ:HON) last announced 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. The business 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 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.