Avity Investment Management Inc. Has $3.09 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Avity Investment Management Inc. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 62.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,939 shares of the conglomerate’s stock after buying an additional 5,750 shares during the quarter. Avity Investment Management Inc.’s holdings in Honeywell International were worth $3,088,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cypress Wealth Services LLC raised its stake in shares of Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares during the period. Bard Financial Services Inc. raised its stake in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the period. ZRC Wealth Management LLC raised its stake in shares of 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. Quent Capital LLC raised its stake in shares of Honeywell International by 3.0% in the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 51 shares during the period. Finally, Lansing Street Advisors raised its stake in shares of Honeywell International by 5.0% in the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock valued at $230,000 after acquiring an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $235.00 in a report on Thursday. Wells Fargo & Company cut their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. 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, Honeywell International presently has a consensus rating of “Hold” and an average target price of $223.56.

Honeywell International Price Performance

Honeywell International stock traded up $2.39 during midday trading on Friday, reaching $215.99. The company had a trading volume of 3,809,522 shares, compared to its average volume of 2,831,241. The company has a market capitalization of $140.65 billion, a P/E ratio of 25.03, a P/E/G 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 $220.79. The firm’s fifty day simple moving average is $203.51 and its 200-day simple moving average is $204.22. 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 (NASDAQ:HON) last released 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. 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.