Edge Wealth Management LLC Has $11.41 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Edge Wealth Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,191 shares of the conglomerate’s stock after selling 341 shares during the period. Honeywell International comprises approximately 2.3% of Edge Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Edge Wealth Management LLC’s holdings in Honeywell International were worth $11,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter valued at $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Wells Fargo & Company cut their price objective 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 target price on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $223.56.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock traded down $0.33 on Tuesday, hitting $217.27. The stock had a trading volume of 3,948,084 shares, compared to its average volume of 2,832,592. The stock has a 50 day moving average of $203.87 and a 200 day moving average of $204.32. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market capitalization of $141.48 billion, a P/E ratio of 25.21, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the business earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared 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. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.