Honeywell International Inc. (NASDAQ:HON) Shares Sold by Safeguard Financial LLC

Safeguard Financial LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,855 shares of the conglomerate’s stock after selling 464 shares during the period. Safeguard Financial LLC’s holdings in Honeywell International were worth $590,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in Honeywell International in the 1st quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the fourth quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International in the first quarter worth about $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $216.70 on Wednesday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The firm has a market capitalization of $141.11 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock’s 50 day moving average price is $204.24 and its two-hundred day moving average price is $204.41. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

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, topping 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 firm posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their price objective 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. Royal Bank of Canada reiterated 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 Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International 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.