Whittier Trust Co. of Nevada Inc. Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Whittier Trust Co. of Nevada Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,204 shares of the conglomerate’s stock after purchasing an additional 3,736 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Honeywell International were worth $23,607,000 as of its most recent SEC filing.

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

Honeywell International Stock Down 0.2 %

NASDAQ:HON traded down $0.54 during mid-day trading on Monday, reaching $221.48. The stock had a trading volume of 2,156,001 shares, compared to its average volume of 2,835,504. The stock has a market cap of $144.22 billion, a P/E ratio of 25.61, a PEG ratio of 2.45 and a beta of 1.03. The business’s 50 day moving average is $205.53 and its 200 day moving average is $204.83. 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 fifty-two week low of $174.88 and a fifty-two week high of $222.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The business 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%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 EPS. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

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

Analyst Ratings Changes

HON has been the subject of a number of research reports. Wells Fargo & Company reduced 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently 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.