Moss Adams Wealth Advisors LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Moss Adams Wealth Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,775 shares of the conglomerate’s stock after buying an additional 522 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Honeywell International were worth $574,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the 1st quarter worth about $26,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.1 %

Shares of Honeywell International stock opened at $222.02 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market cap of $144.58 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $222.07. The company’s 50-day simple moving average is $205.53 and its 200-day simple moving average is $204.75.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

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