Fruth Investment Management Has $2.03 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Fruth Investment Management cut its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,822 shares of the conglomerate’s stock after selling 300 shares during the quarter. Fruth Investment Management’s holdings in Honeywell International were worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Group Foundation bought a new stake in Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON opened at $217.60 on Tuesday. The firm has a market cap of $141.70 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.45 and a beta of 1.03. The company has a 50 day moving average of $203.87 and a 200-day moving average of $204.32. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.23 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid 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 dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 52.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.56.

About Honeywell International

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.