Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Altus Wealth Group LLC

Altus Wealth Group LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,574 shares of the conglomerate’s stock after purchasing an additional 735 shares during the quarter. Altus Wealth Group LLC’s holdings in Honeywell International were worth $945,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Morgan Stanley began 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 on the stock. Wells Fargo & Company lowered their target price on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note 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’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Up 0.0 %

NASDAQ HON traded up $0.03 on Wednesday, reaching $222.38. The company had a trading volume of 973,495 shares, compared to its average volume of 2,839,642. The firm has a market capitalization of $144.81 billion, a PE ratio of 25.76, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.98. The firm has a 50-day moving average of $206.54 and a 200-day moving average of $205.19. 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 (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.1 EPS 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. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

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.