Honeywell International Inc. (NASDAQ:HON) Shares Bought by Maple Capital Management Inc.

Maple Capital Management Inc. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 149,909 shares of the conglomerate’s stock after buying an additional 1,973 shares during the period. Honeywell International makes up about 2.4% of Maple Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Maple Capital Management Inc.’s holdings in Honeywell International were worth $30,988,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HON. Jade Capital Advisors LLC bought a new stake in shares of Honeywell International during the third quarter valued at approximately $1,034,000. Whittier Trust Co. of Nevada Inc. increased its position in Honeywell International by 3.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 114,204 shares of the conglomerate’s stock valued at $23,607,000 after acquiring an additional 3,736 shares during the period. Toth Financial Advisory Corp raised its stake in Honeywell International by 15.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 16,536 shares of the conglomerate’s stock valued at $3,418,000 after acquiring an additional 2,198 shares in the last quarter. Trilogy Capital Inc. boosted its position in Honeywell International by 2.1% during the 3rd quarter. Trilogy Capital Inc. now owns 2,550 shares of the conglomerate’s stock worth $527,000 after acquiring an additional 52 shares during the period. Finally, Violich Capital Management Inc. grew its stake in shares of Honeywell International by 1.0% in the third quarter. Violich Capital Management Inc. now owns 43,246 shares of the conglomerate’s stock worth $8,939,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company dropped their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, StockNews.com cut 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 assigned a buy rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $223.56.

Honeywell International Price Performance

NASDAQ HON opened at $221.50 on Tuesday. 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 1 year low of $174.88 and a 1 year high of $222.98. The company has a market cap of $144.24 billion, a PE ratio of 25.67, a PEG ratio of 2.45 and a beta of 1.03. The stock’s 50-day moving average price is $206.02 and its two-hundred day moving average price is $205.01.

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, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared 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 an increase 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 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s payout ratio is currently 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.