Blue Trust Inc. Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Blue Trust Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 73.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,471 shares of the conglomerate’s stock after buying an additional 4,023 shares during the quarter. Blue Trust Inc.’s holdings in Honeywell International were worth $2,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LGT Group Foundation purchased a new stake in Honeywell International in the 1st quarter valued at about $26,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the first quarter valued at approximately $39,000. Finally, New Covenant Trust Company N.A. acquired a new position in Honeywell International during the first quarter worth $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $222.02 on Friday. The company has a market cap of $144.58 billion, a P/E ratio of 25.73, a PEG ratio of 2.45 and a beta of 1.03. The firm has a fifty day moving average price of $205.53 and a 200 day moving average price of $204.79. 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 12 month low of $174.88 and a 12 month high of $222.07.

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, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the firm posted $2.23 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business 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 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 a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. 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 research note on Monday, October 7th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com downgraded shares of 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 target on shares of Honeywell International in a research report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.