State of Alaska Department of Revenue Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

State of Alaska Department of Revenue boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,727 shares of the conglomerate’s stock after purchasing an additional 3,630 shares during the period. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $15,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HON. Trilogy Capital Inc. boosted its stake in Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares during the last quarter. LVW Advisors LLC lifted its stake in Honeywell International by 5.7% in the first quarter. LVW Advisors LLC now owns 1,572 shares of the conglomerate’s stock valued at $323,000 after purchasing an additional 85 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in Honeywell International by 136.1% in the first quarter. Aviance Capital Partners LLC now owns 8,749 shares of the conglomerate’s stock valued at $1,796,000 after purchasing an additional 5,044 shares during the last quarter. BKM Wealth Management LLC grew its holdings in Honeywell International by 33.6% during the first quarter. BKM Wealth Management LLC now owns 2,495 shares of the conglomerate’s stock valued at $512,000 after purchasing an additional 628 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in Honeywell International by 681.4% in the first quarter. Miracle Mile Advisors LLC now owns 69,070 shares of the conglomerate’s stock worth $14,177,000 after buying an additional 60,231 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5 %

HON opened at $208.00 on Friday. 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 one year low of $174.88 and a one year high of $222.98. The firm has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a fifty day moving average price of $207.39 and a 200-day moving average price of $205.44.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping the consensus estimate of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Equities research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays cut their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada dropped their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.